In Preparing Its Bank Reconciliation for the Month of December

question 44

Multiple Choice

In preparing its bank reconciliation for the month of December 2011, Reinhardt Company has available the following information. What amount should be reported for cash on the company's December 31, 2011 statement of financial position?

• A)CHF29,800
• B)CHF29,790
• C)CHF29,340
• D)CHF28,200

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Definitions:

Consumer Product Safety Commission

A U.S. federal agency that protects consumers from dangerous products by setting safety standards and conducting recalls.

Industry Safety Standards

The set of regulations, practices, and procedures established to ensure the safety and health of workers in various industries, often developed by regulatory bodies and industry organizations.

Safety Monitoring

The process of continuously observing and analyzing a system or environment to ensure that it remains free from danger or risk.

Right to Be Heard

This principle asserts that consumers have the right to voice complaints and concerns about a product or service and to have those concerns addressed promptly and fairly.