Tayler Company Wrote Checks Totaling $25,620 During October and $27,975

question 124

Multiple Choice

Tayler Company wrote checks totaling $25,620 during October and $27,975 during November.$24,360 of these checks cleared the bank in October, and $27,330 cleared the bank in November.What was the amount of outstanding checks on November 30?

• A)$1,905
• B)$345
• C)$915
• D)$2,970

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Definitions:

Restrictive

Pertaining to policies, rules, or measures that limit or control actions, behaviors, or developments.

Anti-Foreign Sentiment

A prejudicial outlook or discrimination against foreigners, often resulting in hostility or unfavorable treatment towards people from other countries.

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The process of overcoming a period of economic downturn or recession, characterised by a resurgence in business activity, employment, and output.

World Depression

A worldwide economic downturn, most notably the Great Depression of the 1930s, which had profound effects on global economies and societies.