Valiant Inc

question 57

Multiple Choice

Valiant Inc.reported the following amounts: Cash in Bank-chequing account of $18,500, Cash on hand of $500, Postdated cheques received totalling $3,500, and certificates of deposit totalling $124,000.How much should be reported as cash in the balance sheet?

• A)$ 18,500.
• B)$ 19,000.
• C)$ 22,500.
• D)$136,500.

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Definitions:

Price Wars

A competitive situation in which retailers and manufacturers continuously reduce prices to outdo each other, often resulting in minimal profits.

Comparative Advertising

A marketing strategy where a brand's product or service is directly compared to a competitor's to highlight its superiority.

Pure Monopoly

A market structure where a single seller has exclusive control over a product or service, with no close substitutes available.

Unique Product

A good or service that is distinct in its features, benefits, or value propositions from others in the market.