You Have $175,000 on Deposit with No Outstanding Checks or Uncleared

question 93

Multiple Choice

You have $175,000 on deposit with no outstanding checks or uncleared deposits.One day you write a check for $18,000.What is your book balance?

• A)$157,000
• B)$158,500
• C)$175,000
• D)$178,500
• E)$189,000

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Definitions:

Earned Income

Money received from work performed, such as wages, salaries, or tips.

Enabling

Providing the means, power, or opportunity to do something or for something to happen.

Culturally Competent

Refers to the ability of individuals and organizations to effectively interact, work, and understand cultures different from their own.

Nonprofit Administrations

The management and governance of organizations that aim to serve the public good without the goal of generating profit.