## Answers

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Question 1:

Correct answer is d. Determine the amount of cash in the account actually available to the entity.

Reconciliation will help to know the company what are the amounts not accounted for, which will help to know the actual balance.

Question 2:

Correct answer is b. Cumulative Voting

Question 3:

Correct answer is A. is less than 5000.

Because amount of $ 5,000 to be received after 2 years will have lower value as on today considering time value of money.

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