The Cash Records and the Bank Statement of Frankel Company

question 122

Multiple Choice

The cash records and the bank statement of Frankel Company showed the following at the end of February: Outstanding checks as of the beginning of February,$8,000;checks written by Frankel Company according to its books during February,$50,000;and checks cleared by the bank during February,$54,000.What was the amount of the outstanding checks at the end of February?

• A)$2,000.
• B)$4,000.
• C)$6,000.
• D)$8,000.

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Definitions:

Self-attributions

The process by which individuals explain the causes of their own behavior and events, implicating their own personal characteristics or external situations.

Explanatory Styles

The ways in which individuals habitually interpret and explain events happening around them, often associated with optimism or pessimism.

Automatic Processes

Mental activities that occur without conscious awareness or control, often as a result of learning and repetition.

Self-serving Bias

The common tendency to attribute successes to personal characteristics and failures to external factors.