In Preparing Its Bank Reconciliation for the Month of April

question 6

Multiple Choice

In preparing its bank reconciliation for the month of April 2016 Leno Inc. has available the following information. $\begin{array}{lr}\text { Balance per bank statement, } 4 / 30 / 16 & \$ 76,800 \\\text { NSF check returned with } 4 / 30 / 16 \text { bank statement } & 940 \\\text { Deposits in transit, } 4 / 30 / 16 & 9,000 \\\text { Outstanding checks, } 4 / 30 / 16 & 9,300 \\\text { Bank service charges for April } & 60\end{array}$ What should be the adjusted cash balance at April 30 2016?

• A) $75100.
• B) $75800.
• C) $75920.
• D) $76500.

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Definitions:

Compensating

Providing remuneration or benefits to employees in return for their work and contribution to the organization.

Global Arena

The international landscape for business or politics where interactions and competitions occur on a global scale.

International HRM

Concerns with managing human resources in multinational corporations, focusing on policies and practices that address the challenges of operating in multiple countries.

Multidomestic Strategy

A business approach that involves tailoring products and strategies to fit the specific needs and preferences of each country in which it operates.