The Dinho Corporation Identified the Following Data When Preparing Their

question 160

Multiple Choice

The Dinho Corporation identified the following data when preparing their April bank reconciliation: In addition, Dinho incorrectly recorded a deposit in its books in the amount of $1,000. The correct amount was recorded by the bank as $1,200. What is the net amount of the adjustment to Dinho's cash balance as a result of the bank reconciliation?

• A) $1,675 increase
• B) $1,700 increase
• C) $1,675 decrease
• D) $1,475 decrease

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Definitions:

Production Filling

The process of manufacturing, wherein products are filled into their final packaging.

Sample Mean

The average value of a sample set, calculated by adding all the observed values and dividing by the number of observations.

Historical Standard Deviation

A measure of the dispersion or variability of a set of data points from its historical mean, based on past data rather than predictions.

Random Sample

A subset of individuals chosen from a larger population in such a way that every individual has an equal chance of being selected.