In Preparing Its Bank Reconciliation for the Month of April

question 153

Multiple Choice

In preparing its bank reconciliation for the month of April 2018, Haskins, Inc. has available the following information. What should be the adjusted cash balance at April 30, 2018?

• A) $34,410.
• B) $34,470.
• C) $35,760.
• D) $35,820.

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Definitions:

Implied Ratification

The acceptance and endorsement of a previously unauthorized act by acting in a manner that recognizes it as valid or by failing to repudiate it.

Express Ratification

The explicit approval or confirmation of an act or contract that was initially unauthorized or in need of validation.

Adjudicated Insane

Adjudicated Insane is a legal determination that an individual is not mentally competent to manage their affairs due to mental illness.

Guardian Appointed

The designation of a person by a court to care for and make decisions for someone unable to do so themselves, such as a minor or an incapacitated adult.