A Check Was Written by a Business for $507 but Was

question 62

Multiple Choice

A check was written by a business for $507 but was recorded in the journal as $705.How would this error be included on the bank reconciliation?

• A) a deduction on the bank side
• B) an addition on the book side
• C) an addition on the bank side
• D) a deduction on the book side

Understand the different considerations and strategies for software upgrades.

Distinguish between various software deployment and installation options.

Understand the principles of the business judgment rule and its protections for corporate managers.

Identify the legal and ethical responsibilities of corporate managers and directors, including duties of loyalty and care.

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Definitions:

Time-Series Model

Statistical models used to analyze or forecast data points collected or indexed in time order.

Past Data Points

Historical values or observations that have been recorded and can be analyzed to understand trends or patterns.

Linear-Regression Analysis

A straight-line mathematical model to describe the functional relationships between independent and dependent variables.

Independent Variables

Variables in statistical or mathematical modeling that are manipulated or changed to assess their effect on dependent variables.