While Preparing a Bank Reconciliation,which of the Following Items Would

question 85

Multiple Choice

While preparing a bank reconciliation,which of the following items would be subtracted from the balance per the company records?

• A)Outstanding checks
• B)Deposits in transit
• C)Bank service charges
• D)Interest earned on the bank account

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Definitions:

Antitrust Laws

Legislation to promote fair competition for the benefit of consumers, by regulating anti-competitive conduct by companies.

Conglomerate Merger

A type of merger between companies that operate in entirely different industries.

Product Extension

A marketing strategy where an existing product is introduced to a new market segment or modified to appeal to a broader audience.

Horizontal Merger

A merger between two or more competitors producing the same or similar products.