Which of the Following Items Are Reconciling Items on the Book

question 201

Multiple Choice

Which of the following items are reconciling items on the book side of the reconciliation?

• A) outstanding checks and correction of book error
• B) deposit in transit and NSF check
• C) bank service charge and outstanding checks
• D) bank service charge and correction of book error

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Definitions:

Covariance

A measure of how two random variables change together, indicating the direction of their linear relationship.

Standard Deviation

A statistical measure of the dispersion or variability of a set of data points, indicating the degree to which individual data points differ from the mean.

Beta

An indicator of a stock's fluctuation in comparison to the general market, denoting its relative risk to the average market movement.

Diversification

A risk management strategy that involves spreading investments across various financial instruments, industries, or other categories to reduce exposure to any single asset or risk.