Solve the Problem A) $75
B) $37
C) $113
D) -$113

question 15

Multiple Choice

Solve the problem.
-The amounts below represent the last twelve transactions made to Juan's checking account. Positive numbers represent deposits and negative numbers represent debits from his account. $$\begin{array} { l l l l l l l l l l l l } \$ 28 & - \$ 20 & \$ 67 & - \$ 22 & - \$ 15 & \$ 17 & - \$ 38 & \$ 41 & \$ 53 & - \$ 13 & \$ 30 & \$ 75\end{array}$$

• A) $75
• B) $37
• C) $113
• D) -$113

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Definitions:

Estimated Cost

A projection or approximation of the future cost associated with a product, service, project, or investment, often used for budgeting purposes.

Provision

A provision is an amount set aside in the financial statements to cover a future liability or loss.

Dollar Amount

A specific quantity of money expressed in the currency of the United States, represented by the dollar symbol ($).

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.