Dreammaker Kitchens
the Following Information Relates to the Company's November

question 92

Multiple Choice

Dreammaker Kitchens
The following information relates to the company's November bank reconciliation:
$\begin{array}{llr} \text { Bank statement balance} &\$10,700\\ \text { Unadjusted cash balance according to company records } &?\\ \text { Deposit in transit } &2,100\\ \text { Outstanding cheques} &1,200\\ \text { Bank service charges } &300\\ \text { Interest earned on the bank account } &100\\ \text { Customer's NSF cheque returned by the bank } &400\\\end{array}$

-Refer to the figure Dreammaker Kitchens.What is the company's adjusted cash balance on November 30?

• A) $10,100
• B) $10,700
• C) $11,600
• D) $12,200

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Definitions:

Tender Offers

Public offers made by a person or entity to purchase a significant percentage of a company's shares or bonds.

Cash-Out Combinations

Business transactions where shareholders of a company being acquired or merged are paid in cash instead of receiving shares of the acquiring or merging entity.

Minority Shareholders

Shareholders who own a smaller portion of a company's shares and typically do not have controlling interests or significant influence on business decisions.

Oppressive Acts

Behaviors or actions by directors or majority shareholders in a corporation that are burdensome, harsh, or wrongful against minority shareholders.