A Study by Korn/Ferry Found That ________ of U

question 61

Multiple Choice

A study by Korn/Ferry found that ________ of U.S.boards of directors had at least one ethnic minority member in 2007.

• A) 6%
• B) 26%
• C) 47%
• D) 78%
• E) 96%

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Definitions:

Bank Reconciliation

The analysis that details the items responsible for the difference between the cash balance reported on the bank statement and the balance of the cash account in the ledger.

Company's Accounts

Records that contain the financial transactions, assets, liabilities, and equity of a company.

Deposits in Transit

Cash and checks that have been received and recorded by a business but not yet reflected in the bank's records.

Bank Statement

A summary of all checking account transactions mailed to the depositor or made available online by the bank each month.