Find the Total Deposit Using the Given Deposit Slip

question 60

Multiple Choice

Find the total deposit using the given deposit slip.
On September 2nd, 20xx, Mary made a deposit to the account for Joe's Repair Shop. The deposit includes the following items: coins: $28.04; and checks: Hwang, $35.19; Hartmann, $72.92; Pisani, $40.83; Evers, $18.53; Meachem, $81.12; Jones, $20.77; and Williams, $75.31.

• A) $430.86
• B) $314.56
• C) $14.91
• D) $372.71

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Definitions:

Equity Method

An accounting technique used by firms to assess the profits earned by their investments in other companies, by reporting these profits proportionate to their stake.

Dividend Policy

A company's strategy or policy outlining how often dividends will be paid out to shareholders and in what amount.

Reported Income

The income figure that a company officially reports to its shareholders and regulatory bodies, often after adjustments and before taxes.

Influencing Investee

An investment situation where the investor has significant influence over, but not control of, the financial and operating policies of another entity.