In Preparing Its Bank Reconciliation for the Month of April

question 208

Multiple Choice

In preparing its bank reconciliation for the month of April 2010, Gantner, Inc. has available the following information. What should be the adjusted cash balance at April 30, 2010?

• A) $78,740.
• B) $77,880.
• C) $76,980.
• D) $76,940.

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Definitions:

Minorities

Groups in society distinguished by cultural, ethnic, racial, religious, or social backgrounds that are smaller in number compared to the majority.

Lowest Cost

The most economical price at which a good or service can be purchased or produced, often pursued as a competitive strategy in business.

Business Process

A collection of related activities that create a product or a service of value to the organization, its business partners, and its customers.

Management Technique

Methods or strategies used by business leaders to improve efficiency, productivity, and outcomes in an organization.