Which Option Is True in the Account Reconciliation Report -

question 9

Multiple Choice

Which option is true in the Account Reconciliation Report -

• A)choose detail report and only status total amounts appear
• B)choose summary report and all journal entries and their status appear
• C)choose detail report and all journal entries and their status appear
• D)choose summary with outstanding transactions report to add the total outstanding amount

---

Definitions:

Stockholders

Individuals or entities that own shares in a corporation, also commonly referred to as shareholders.

Borrowed Money

Funds that are obtained through loans or credits, which must be repaid with interest.

Financing Activities

Transactions and events that affect the long-term liabilities and equity of a company, including issuing debt, issuing equity, and paying dividends.

Cash Flow

The net amount of cash and cash-equivalents being transferred into and out of a business, indicating the organization's liquidity.