A Company Received a Bank Statement Showing a Balance of $79,000

question 95

Multiple Choice

A company received a bank statement showing a balance of $79,000. Reconciling items included outstanding checks of $2,300 and a deposit in transit of $9,400. What is the company's adjusted bank balance?

• A) $67,300
• B) $71,900
• C) $86,100
• D) $69,600

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.