Rex's Auto Has a Checking Account That Earns Interest

question 62

Multiple Choice

Rex's Auto has a checking account that earns interest.The current bank statement shows interest earned of $11.27.This amount should be:

• A)added to Rex's book balance.
• B)subtracted from Rex's book balance.
• C)ignored,as the bank has added it to Rex's book balance.
• D)subtracted from the bank balance.

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Definitions:

Variety

The presence of differences or a range of different things within a particular area, group, or system.

Standard Databases

Databases that follow widely accepted models, norms, or structures, making them accessible and usable across different systems or applications.

Unstructured

Lacking a fixed, organized system or arrangement, often leading to flexibility in approach or the potential for unpredictability.

Standard Databases

Predefined collections of data organized according to a fixed schema, used in software applications for efficient data management and retrieval.