Osborn Company Assembled the Following Information in Completing Its March

question 22

Multiple Choice

Osborn Company assembled the following information in completing its March bank reconciliation: balance per bank $3,820; outstanding checks $775; deposits in transit $1,250; NSF check $80; bank service charge $25; cash balance per books $4,400. As a result of this reconciliation, Osborn will

• A) reduce its cash account by $475.
• B) reduce its cash account by $25.
• C) increase its cash account by $55.
• D) reduce its cash account by $105.

---

Definitions:

Socialist President

A president or head of state who subscribes to socialist principles, advocating for public or collective ownership of the means of production and distribution of goods.

Freedom for Women

The advocacy and movement towards equal rights, responsibilities, and opportunities for women in society.

Gender Discrimination

Involves unfair or unequal treatment of individuals based on their gender, often leading to disadvantages in employment, education, and societal roles.

Higher Education

Tertiary education that leads to the award of an academic degree, typically provided by universities and colleges.