Tang Company Assembled the Following Information in Completing Its June

question 172

Multiple Choice

Tang Company assembled the following information in completing its June bank reconciliation: balance per bank HK$42,920; outstanding checks HK$24,650; deposits in transit HK$27,500; NSF check HK$4,480; bank service charge HK$170; cash balance per books HK$50,420. As a result of this reconciliation, Tang will

• A) reduce its cash account by HK $7,500.
• B) increase its cash account by HK $2,850.
• C) increase its cash account by HK $4,480.
• D) reduce its cash account by HK $4,650.

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Definitions:

Moral Law

The principles concerning the distinction between right and wrong behavior, often considered as inherent to human nature or divine command.

Law of Reason

A philosophical idea that moral and legal norms should be grounded in rational thought and logic.

Categorical Imperative

A fundamental principle in the ethical philosophy of Immanuel Kant that requires that individuals act in a manner in which they wish their actions to become universal laws.

Ethical Imperative

A strong moral obligation or duty which compels someone to act in a certain way based on ethical considerations.