Classify Each of the Following Reconciling Items of the Tic

question 144

Multiple Choice

Classify each of the following reconciling items of the Tic and Tac Company as:

-Collection of note receivable plus interest revenue by bank ________

• A)an addition to the bank balance
• B)a deduction from the bank balance
• C)an addition to the book balance
• D)a deduction from the book balance
• E)not a reconciling item

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Definitions:

Administrative

Pertaining to the execution of policies, management of operations, and performance of duties within an organization.

Marketing Operations

The processes and workflows that organize, execute, and evaluate marketing strategies and campaigns effectively.

International Firms

Businesses that operate across national borders, engaging in international trade or investment.

International Firm

A company that engages in business activities across national borders.