A Company Received a Bank Statement Showing a Balance of $62

question 87

Multiple Choice

A company received a bank statement showing a balance of $62 300. Reconciling items were outstanding cheques of $1 450 and a deposit in transit of $8 500. What is the company's adjusted bank balance?

• A)$60 850
• B)$69 350
• C)$72 250
• D)$70 850

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Definitions:

Corporate Culture

The pervasive and enduring set of values, attitudes, and practices that characterize the unique business environment of an organization, influencing how work is conducted and decisions are made.

Physical Structure

The tangible, physical layout of an organization's facilities, including its buildings and internal work spaces.

Cultural Values

The core principles and ideals upon which a society or community is founded, shaping beliefs, behaviors, and norms.

Office Space

The physical area designated for work-related activities, which can influence productivity, satisfaction, and organizational culture.