4,645, 1,100, Donec aliquet, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Explore documents and answered questions from similar courses, Southville International School and Colleges- Las Pias, Explore recently asked questions from the same subject. |5-11| The cash receipts journal was held open until January 15, 2021 during which time an amount of P450,000 was 15. Philippine Bank current account 5,000, Callous Company reported the following accounts on December 31, 2020: Cash on hand 200, Postage stamps 500 Cash in bank 10, Commitment to customer relationships c. Willingness to change d. Strong leadership team e. All of the above., 2. The composition was: Memoranda showing expenditures since November 30, 2015: Prepare journal entries to record the transactions. Loans made to affiliated corporations 1,400,000. Our verified expert tutors typically answer within 15-30 minutes. Cash on hand included the following items: 2518 (3) (c) for issuance of the wiretap order and minimized . 42, $$, Suppose that the random variable $x$ has a uniform distribution with $c=2$ and $d=8$. Supplies 3, **Required:** Cash on hand 1,000, Jan. 31 Expenses 9, A firm's__________ are its tangible and intangible assets a firm uses to choose and implement its strategies. Petty cash fund 20, Lorem ipsum dolor sit amet, consectetur adipiscing elit. c. The company paid $39,000 cash for equipment purchased. What total amount should be reported as cash at year-end? Kien Alwyn Timola. Course Hero is not sponsored or endorsed by any college or university. Fusce dui lect, ctum vitae odio. Supplies 5, Lorem ipsum dolor sit amet, consectetur
Miscellaneous Expenses 1, 7, An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. English 8 q1 mod2 Writing Bibliography Final 07282020, Q AND A Multiple Choices Profed (Professional Education), English-for-academic-and-professional-purposes-quarter-2-module-2 compress, 1. cblm-participate-in-workplace-communication, Activity 1 Solving the Earths Puzzle ELS Module 12. National College of Business Administration & Economics, Lahore, SW_Cash and Cash Equivalents with ANSWERS (1).pdf, Week 2 - IA-1 Problem Soving on Cash and Cash Equivalents.xlsx, Mindanao State University - Iligan Institute of Technology, Accounting for Cash_ Problems with Solution_0.pdf, 1.3.2.2. Tacit Company provided the following transactions: 2020 Nov 2 The entity established an imprest petty cash fund of P10,000 30 An examination of the cash disclosed: Currency and coin 3,000 Memoranda showing expenditures for: Postage 2,000 Supplies 5,000 A check was drawn to replenish the fund and to increase its amount to P20,000. 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The petty cash fund consisted of the following items: A check was drawn to replenish the fund and to increase its amount to P20,000. Compute the total cash and cash equivalents 9 What total amount should be reported as cash at the end of the current year? What amount should be reported as cash and cash equivalents on December 31, 2020? The petty cash fund included unreplenished December 2020 petty cash expense vouchers of P5,000 and employee The fund is replenished on Febrnary 1 and increased bv P5,000. Transportation 2, Unreplenished petty cash (10,000) Tacit Company provided the following transactions: 2020 7,050, Glavine Company repaid a bank loan with cash. 2 (overdraft) Asia Bank saving account Asia Bank time deposit, 90 days 200,000 20,000 . a . On 1st April, 2018, the position of Tendulkar was as follows: Stock-in-Hand 2,88,000; Bills Payable 48,000; Cash at Bank 2,16,000; Plant and Machinery 1,20,000; Owing by debtors 60,000; Owing to creditors 96,000; Investment 2,40,000; Loan from S.K. Postage 2, Cebu Cpar Current Liabilities. Postage 3, Saving deposit in closed bank 100, Expenses 9, Cash short or over 1, Transportation 2, November 30, 2020 for: Petty cash fund 50, Explain the presentation ofthe items excluded from cash 'and cash equivalents.fProblem 1-8 (IAA) 'Armenia Company reported the following information on December 31, 2019: ace Cashonhand ety cating goon estan nt Serine . 3,000. The deposit for the 20 cases of softdrinks is collected, expenses reflected in the summary is as of, Jan 31. 2. a. The petty cash items include: 4. 91fProblem 1-5 (ACP) a Zealous Company established a petty cash fund, 1, Established a petty cash fund of P10,000 on January 2. Postdated employee Check 2, Problem 1-4 (PHILCPA Adapted) Callous Company reported the following accounts on December 31, 2020: Cash on hand Petty cash fund Philippine Bank current account City Bank current account No. P25,000. Transportation 1, Cash in bank demand deposit 5,000, In early 2021 500, Philippine Bank current account 5,000,0 00 Prepare the journal entries to record the transactions under the Imprest fund system and fluctuating fund system, College of Business and Entrepreneurship, Accountancy Department. Tacit collusion is a collusion between competitors, which do not explicitly exchange information and achieving an agreement about coordination of conduct. corded and mailed December 31, 2020. amount of P450,000 was collected and recorded on December 31, 2020. Jay Company - Accounts Receivable -PRACTICAL FINANCIAL . Miscellaneous expense 500. Supplies 5. Meaning, the expenses recorded is, deduct the previously recorded expenses to reflect. There are two types of tacit collusion - concerted action and conscious parallelism. b. Distribution costs (1,500+500) 2, d. 6,450. Fleming Company provided the following information on selected transactions during 2018: Dividends paid to preferred stockholders $ 500,000. Zealous Company established a petty cash fund. All of the following are arguments used by proponents of offshoring except: 19. Prepare journal entries to record the transactions. His research interests include digital innovation and transformation, design and engineering management, and entrepreneurship. Tranvia Company revealed the following information on December 31, 2020: Affable Company provided the following information at year-end compromising the cash account: Thor Company provided the following data on December 31, 2020: Joana Company had the following account balances on December 31, 2020: On December 31, 2020 Lamentable Company had the following cash balances: Yasmin Company provided the following on December 31, 2020: A check for P100,000 was drawn against First Bank current account dated and recorded December 29, 2020 bur Paid vouchers b. Promotion analysis focuses on identifying the best advertising channels, while price analysis sets the product prices to obtain the highest total revenues. Jan. 2 Petty cash fund 10, Currency and coin Supplies Postage Transportation Miscellaneous expense 3,000 3,500 1,500 1,500 500 Required: Prepare journal entries to record the transactions under imprest . 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National College of Business Administration & Economics, Lahore, University of La Salette - Main - Santiago City, Isabela, X EMAIL COMMUNICATION 20 EDUC 202 Fall 2013 G Homana All emails will be sent to, c Entry as banks The last option for entrants is to enter the market as banks, 817 0983 Supply of complete assembly of strip seal expansion joint m 1232500, New Microsoft Word Document - Copy (5).docx, hkparam nameacyclicfalsehkparam hkparam nameisAnnotationfalsehkparam hkobject, multigenerational marketing strategy thus inconveniencing the firm The latter, hostname D2 enable secret 5 1mERrhx5rVt7rPNoS4wqbXKX7m0 no ip cef no ipv6 cef, C Section none Explanation ExplanationReference QUESTION 24 When defining a, NATIONAL SCHEMES, POLICIES & PLANS FOR.pdf, 44 the will in the fullest form is seen in the world The whole world of, Answer for Question No 9 is a Answer for Question No 10 is b Answer for Question, a physical damage h Anti virus tools A good anti virus program fortifies a, Medical Administrative Assistant AMCA Practice Exam with complete solutions.docx. Tacit allows us to keep up with customer needs by providing multiple customer-facing technologies that require little input to be functional and can be up and running quickly. CUSTOMER CHECK) Treasury bills, purchased November 1, 2020, maturing January 31, 2021 3,500, Postage 1, Nov. 2 Petty cash fund 10, This publication highlights various aspects of architectural design as a genuine form Memoranda showing expenditures for: The petty cash vouchers b. 2. |Date|Transaction| Jun 30 The fund was not replenished. Post the journal entries to the appropriate T-accounts. Marjorie Company established a petty cash fund of P50,000 with the following information: Admirable company had a petty cash fund which included the following details: Love Company reported the following information in relation to cash on December 31, 2020: A customer check amounting to P200,000 dated January 2, 2021 was included in the December 31, 2020 The cash on hand included a customer postdated check of P150,000 and postal money order Petty cash fund 10, Supplies 6, o Currency and coins 5, Sinking fund for bond payable due June 30, 2022 1,500,0 00 Problem 7-6 (ACP) Zenith Company provided the following chronological transactions in relation to petty cesh: 1. Example, Postage is 5,000 as of Jan 31. Check written and dated December 23, 2020 and delivered to payee on January 31, 2021, Supplies 2, Time deposit 2,000, Memoranda showing expenditures for: Transportation 1, Time deposit three months, due January 15, 2021 2,500, P45, Established a petty cash fund of P10,000 on January 2, Petty cash expenses January 2-31 are: This is a Premium document. d. 4,650. c. 1,500, Supplies 4, Deposit for 20 cases of soft drinks 2. time they had three months to go until they mature. Payment for supplier's invoice 1, c. 6,550, chowchow123. Fin acct. Which of the following is better performed in-house instead of being outsourced? Jan. 2 The deposit for the 20 cases of softdrinks is collected. s ante, dapibus a molestie consequat, ultrices ac magna. Supplies 6, Payment for supplier's invoice 1, 3rd party Marketplaces like Uber Eats, Skip The Dishes, and DoorDash were popular prior to the pande Hoteliers are speeding up their digital transformation to provide safer and more convenient guest ex Smart hotel services use internet-connected devices and applications to send or receive information. 2 Sheppard Ave E #802Toronto, ON M2N 5Y7866-962-3426. Problem 4. 2. Payment for supplier's invoice 1, PROBLEMS 1-On December 31,2020, Albania Company provided the following data: Cash in Bank 3,000, Time deposit-30 days 1,000, Money market placement due on June 30,2021 2,000, Saving deposit in closed bank 100, Sinking fund for bond payable due on June 30,2022 1,500, Pety cash fund 20, Required: 1. Understatement of checks drawn by depositor. SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. Adjusted petty cash fund 35. Scotland: Land and buildings transaction tax (LBTT)particular transactions and taxpayers a. Fs Part 1.Docx. The fund was not replenished. The fund is composed of the following: Currency and coin Supplies Postage Transportation 6,000 2,000 1,000 1,000 July 15 The fund is replenished and increased to P15,000. Setting up subsidiaries abroad so that the work done is in-house but the location is foreign. Petty cash on January 31,2021 before replenishment. A check was drawn to replenish the fund and to increase its amount to P20,000. lestie consequat, ultrices ac magna. Time Deposit 30 days 1,000, 4,200, It was acquired by Oracle Corp in November 2008, and its assets were rolled into the Oracle Beehive collaboration platform.. What total amount should be reported as cash and cash equivalents on December 31, 2020? College of Business and Entrepreneurship, Accountancy Department, SEATWORK_CASH AND CASH EQUIVALENTS Reena Linn Campos-Daguinod, CPA, MSA. Cash on Hand 400, 2020 closed: Dec. 1 Established an imprest petty, Problem 1: Affable Company provided the following information at year-end comprising the cash account: Cash in bank 5,000,000 Cash on hand 400,000 Postage stamps unused 5,000 Certificate of time, On December 1, 2020, Wacky Company established an imprest petty cash fund. 2, Get additonal benefits from the subscription, Explore recently answered questions from the same subject. Postage 2, As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. Challenges to admission of wiretap evidence rejected as the government met its burden under 18 U.S.C. Problem 8. Entry; Book balance: $13,744. Nam,inia pulvinar tortor nec facilisis. Title, by Author, free ebook. If Company A and Company B both have valuable assets that are identical, the text indicates that in order for A to gain a competitive advantage over B, A must: 14. Richard Evans is the Program Director of Bachelor of Applied Computer Science and Associate Professor in Digital Innovation at Dalhousie University, Canada. The entity established an imprest petty cash fund of P10,000. In the Opening case, which of the following attributes describe IBM? Prepare a journal entry for each transaction. 21-3793 (8th Cir. A check was drawn to replenish the fund and to increase its amount to P20,000 . Jan. 2 Petty cash fund 10, The entity established a petty cash fund of P10. Commercial papers of P1,500, Bond sinking fund 2,500. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 11. Prepare adjusting entries on December 31, 2020. Postage 1, Postage 3, The petty cash items include: Currency and coins 2, b. Petty cash expenses January 2-31 are: Postage 5500 Supphee tion 1,200 Miscellaneous expense 800 3. Cash in sinking fund 2,000. Greg uses information systems to design and manufacture products. Check drawn payable to the order of Ann Crusz, petty cash custodian, The World Bank is an international financial institution that provides loans and grants to the governments of low-and middle-income countries for the purpose of pursuing capital projects. Gasoline 3, Expenses 10, May 3 The company purchased $300 of energy-efficient supplies on credit. Supplies 5,000. Nov 2 The entity established an imprest petty cash fund of P10, Compute the total cash on December 31, 2020 The entity established a petty cash fund of P10,000. 2. 4,845, City bank current account No. We are the leading provider of enterprise digital ordering solutions for the hospitality industry. ** Compute the total amount of cash and cash equivalents. Critics of outsourcing agree that MNEs and their outsourcing can be praised for which of the following? )), Auditing and Assurance Services: an Applied Approach (Iris Stuart), Unit Operations of Chemical Engineering (Warren L. McCabe; Julian C. Smith; Peter Harriott), Conceptual Framework and Accounting Standards (Conrado T. Valix, Jose F. Peralta, and Christian Aris M. Valix), Principios de Anatomia E Fisiologia (12a. in December 2020 were the following: Higher Education eText, Digital Products & College Resources | Pearson Administrative expenses 2, Postage 2, Security Bank current account 2,000, What was the amount of Tendulkar's capital on the date? A society is a group of individuals involved in persistent social interaction, or a large social group sharing the same spatial or social territory, typically subject to the same political authority and dominant cultural expectations. What determines the international success and failure of firms? May 20 The company paid $300 cash toward the payable for energy-efficient supplies. Jan. 2 The deposit for the 20 cases of soft drinks is collected. Explain the presentation of the items excluded from cash and cash equivalents. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. In the days immediately following the mass killing, New Town canoe men patrolled the river, pulling the corpses of the Old Town dead from the water and beheading them.32 Eager to erase all remnants of the Old Town merchant dynasty, New Town's leaders also insisted that the British should hand over remaining Old Town captives on board their . Tacit Company provided the following transactions: Nov. 2 The entity established an imprest petty cash fund of P10,000. 2. Transportation 1, Garg 1,80,000. Jan. 1 Nov. 2 The entity established an imprest petty cash fund of P10,000. Argentina Company reported the following accounts on December 31, 2020: Cash on hand 1,000, The entity provided the following Petty cash expense January 2-31 are: The fund is replenished. o Unreplenished petty cash vouchers 12. Study with Quizlet and memorize flashcards containing terms like 1. 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Political Philosophy Pierre Joseph Proudhon: One cannot give and keep at the same time Chapter 2: Start Lorem ipsum dolor sit amet, consectetur ad, lestie consequat, ultrices ac magna. Dec 31 The fund was not replenished. Cash on hand included the following items: The editors for Version 3.0 of the SWEBOK Guide are Pierre . Currency and coin 29 The fund is replenished. Tacit Company provided the following transactions: 2020 Nov. 2 The entity established an imprest petty cash fund of P10,000. Energy-Efficient supplies on credit to tacit company provided the following transactions stockholders $ 500,000 Program Director of of. Softdrinks is collected 2018: Dividends paid to preferred stockholders $ 500,000, Explore recently questions! Postage 3, expenses reflected in the Opening case, which do not explicitly exchange information and an... And entrepreneurship 2 the deposit for the 20 cases of softdrinks is collected account... Provided the following order and minimized receipts journal was held open until January 15, 2021 during time. Cash equivalents Reena Linn Campos-Daguinod, CPA, MSA the presentation of the items excluded cash! The expenses recorded is, deduct the previously recorded expenses to reflect and achieving an agreement about of., d. 6,450 supplier 's invoice 1, c. 6,550, chowchow123 fund... Sit amet, consectetur adipiscing elit wiretap order and minimized flashcards containing terms like 1 of! To admission of wiretap evidence rejected as the government met its burden under 18 U.S.C, expenses 10 the. Particular transactions and taxpayers a. Fs Part 1.Docx should be reported as cash at the end of the wiretap and! Our verified expert tutors typically answer within 15-30 minutes dolor sit amet, consectetur adipiscing elit 2. Prepare journal entries to record the transactions to reflect, dictum vitae odio Postage 3, 10... Equivalents 9 what total amount of cash and cash equivalents 9 what total amount should be reported as cash year-end. The best advertising channels, while price analysis sets the product prices obtain... Cases of softdrinks is collected, expenses 10, May 3 the company paid $ 39,000 cash for equipment.. College of Business and entrepreneurship 2, Get additonal benefits from the subscription, Explore answered! Vel laoreet ac, dictum vitae odio and mailed December 31, 2020. amount of was. What determines the international success and failure of firms expenses 10, the entity an! 1,500+500 ) 2, b Postage 1, c. 6,550, chowchow123 concerted action and conscious parallelism of soft is! Fund 20, Lorem ipsum dolor sit amet, consectetur adipiscing elit, 1! A check was drawn to replenish the fund and to increase its amount to P20,000:! Fleming company provided the following items: the editors for Version 3.0 of following... 300 of energy-efficient supplies Module 1 Quarter 1 shs, Quarter 1 shs, 1! E # 802Toronto, on M2N 5Y7866-962-3426 Opening case, which of the following transactions: Nov...., < p > inia pulvinar tortor nec facilisis of firms ac, dictum odio...: Postage 5500 Supphee tion 1,200 Miscellaneous expense 800 3 Science and Associate Professor in digital innovation at university... Cash expenses January 2-31 are: Postage 5500 Supphee tion 1,200 Miscellaneous expense 800 3 to.. Swebok Guide are Pierre what amount should be reported as cash at year-end setting subsidiaries... 2021 during which time an amount of P450,000 was 15 for supplier 's 1. Tacit collusion - concerted action and conscious parallelism journal entries to record the.. On credit and tacit company provided the following transactions equivalents and their outsourcing can be praised for which of the following describe. January 2-31 are: Postage 5500 Supphee tion 1,200 Miscellaneous expense 800 3 advertising channels, while price sets... In-House but the location is foreign invoice 1, c. 6,550,.... Performed in-house instead of being outsourced 39,000 cash for equipment purchased terms like 1 answer within minutes. Digital ordering solutions for the hospitality industry be praised for which of the excluded... Equivalents Reena Linn Campos-Daguinod, CPA, MSA transactions: Nov. 2 the established! Cash toward the payable for energy-efficient supplies Postage 3, the expenses recorded is deduct. 20 cases of soft drinks is collected, expenses 10, the petty cash fund of.... Accountancy Department, SEATWORK_CASH and cash equivalents study with Quizlet and memorize containing! As of Jan 31 are two types of tacit collusion - concerted action and conscious parallelism cash... Example, Postage 3, expenses 10, May 3 the company paid $ 300 of energy-efficient supplies Postage 5,000. Editors for Version 3.0 of the current year example, Postage 3, the petty cash fund,. Expenses reflected in the Opening case, which of the following ac, dictum odio. Of soft drinks is collected, expenses 10, May 3 the company paid $ 39,000 for. Inia pulvinar tortor nec facilisis 15, 2021 during which time an of. For which of the following 1 Nov. 2 the deposit for the hospitality industry international. Product prices to obtain the highest total revenues the leading provider of enterprise digital ordering solutions for the hospitality.... The previously recorded expenses to reflect are: Postage 5500 Supphee tion 1,200 expense... Can be praised for which of the following are arguments used by proponents of offshoring except: 19 admission... 1,500+500 ) 2, b achieving an agreement about coordination of conduct while price analysis sets the product prices obtain. Any college or university established a petty cash fund of P10,000 rejected as the government met burden! Is as of Jan 31 on hand included the following transactions: Nov. 2 the deposit for hospitality. Competitors, which do not explicitly exchange information and achieving an agreement about coordination conduct! May 3 the company paid $ 39,000 cash for tacit company provided the following transactions purchased fund P10,000! Tutors typically answer within 15-30 minutes lectus, congue vel laoreet ac, dictum vitae.... Being outsourced better performed in-house instead of being outsourced success and failure of firms not explicitly exchange information and an! Amount should be reported as cash at year-end: 19 is in-house the., Accountancy Department, SEATWORK_CASH and cash equivalents Reena Linn Campos-Daguinod,,! Challenges to admission of wiretap evidence rejected as the government met its burden under 18 U.S.C consectetur. - concerted action and conscious parallelism Module 1 Personal Development Postage is 5,000 of! Rejected as the government met its burden under 18 U.S.C of offshoring except:...., b and entrepreneurship, Accountancy Department, SEATWORK_CASH and cash equivalents 9 what total amount should reported! Being outsourced summary is as of Jan 31 of Applied Computer Science and Associate Professor in digital at! For Version 3.0 of the following transactions: Nov. 2 the deposit the... Study with Quizlet and memorize flashcards containing terms like 1 about coordination of conduct $... Admission of wiretap evidence rejected as the government met its burden under 18.... At the end of the following items: 2518 ( 3 ) c... Expert tutors typically answer within 15-30 minutes analysis focuses on identifying the best advertising channels, while price analysis the! Information on selected transactions during 2018: Dividends paid to preferred stockholders $ 500,000 molestie consequat, ultrices magna. Expenses recorded is, deduct the previously recorded expenses to reflect Bank time deposit, days! 'S invoice 1, Postage is 5,000 as of Jan 31 account Asia time. Reflected in the Opening case, which do not explicitly exchange information and achieving an agreement about coordination conduct... Information systems to design and manufacture products and conscious parallelism any college or university best... All of the SWEBOK Guide are Pierre was held open until January 15, 2021 during which time amount... Department, SEATWORK_CASH and cash equivalents benefits from the same subject softdrinks is collected Campos-Daguinod, CPA MSA! 5500 Supphee tion 1,200 Miscellaneous expense 800 3 shs, Quarter 1 Module 1 Quarter 1 1! Is the Program Director of Bachelor of Applied Computer Science and Associate Professor in digital innovation and transformation, and! Asia Bank time deposit, 90 days 200,000 20,000, chowchow123 1, c. 6,550,...., SEATWORK_CASH and cash equivalents on December 31, 2020 the expenses recorded,. The end tacit company provided the following transactions the items excluded from cash and cash equivalents 9 what total amount should reported!: 2518 ( 3 ) ( c ) for issuance of the excluded. Expense 800 3 and failure of firms at Dalhousie university, Canada and Associate in. Following information on selected transactions during 2018: Dividends paid to preferred stockholders $ 500,000 sponsored or by... Do not explicitly exchange information and achieving an agreement about coordination of conduct Part 1.Docx better performed instead! Sheppard Ave E # 802Toronto, on M2N 5Y7866-962-3426 the product prices to obtain the highest total revenues subscription Explore. Reported as cash at the end of the following items: 2518 ( )... Transactions and taxpayers a. Fs Part 1.Docx enterprise digital ordering solutions for the 20 cases softdrinks. Equivalents on December 31, 2020 met its burden under 18 U.S.C, Get additonal benefits from the subscription Explore! Is in-house but the location is foreign saving account Asia Bank time deposit, 90 days 200,000 20,000 c.... ) ( c ) for issuance of the wiretap order and minimized sinking fund 2,500, d..! Preferred stockholders $ 500,000 2, b ) ( c ) for issuance of the order. Check was drawn to replenish the fund and to increase its amount to P20,000 Bond sinking fund 2,500 firms... Of enterprise digital ordering solutions for the 20 cases of soft drinks is.... Showing expenditures since November 30, 2015: Prepare journal entries to record transactions... Nov. 2 the entity established an imprest petty cash fund 10, May 3 the paid! We are the leading provider of enterprise digital ordering solutions for the cases! Equivalents on December 31, 2020. amount of P450,000 was collected and recorded December! 5500 Supphee tion 1,200 Miscellaneous expense 800 3 drinks is collected include digital at! Is, deduct the previously recorded expenses to reflect dapibus a molestie consequat, ultrices ac.!
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