A Company Received a Bank Statement Showing a Balance of $62,300.Reconciling

question 15

Multiple Choice

A company received a bank statement showing a balance of $62,300.Reconciling items were outstanding checks of $1,450 and a deposit in transit of $8,500.What is the company's adjusted bank balance?

• A) $72,250
• B) $60,850
• C) $69,350
• D) $70,850

---

Definitions:

Headquarters-Centered

A management approach or organizational structure in which decision-making authority, corporate culture, and major activities are centralized at the main office or headquarters.

Ethnocentric

A perspective that evaluates other cultures according to the standards of one's own culture, often regarding them as inferior.

Howard Perlmutter

A scholar known for his work on the internationalization of firms, including the concept of ethnocentric, polycentric, and geocentric orientations in international business.

Degree Of Internationalization

A measure of the extent to which a company is involved in international operations, markets, and activities.