Flynn Company's monthly bank statement showed the ending balance of cash of $22,750. The bank reconciliation for the period showed an adjustment for a deposit in transit of $2,300, outstanding checks of $3,250, a NSF check of $870, bank service
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Consider the widget exchange. Suppose that each widget contract has a market value of $0 and a notional value of $100. There are three traders, A, B, and C. Over one day, the following trades occur: A long, B short, 5 contracts.
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