Which of the Following Items Would Be Subtracted from the Balance

question 50

Multiple Choice

Which of the following items would be subtracted from the balance per bank statement on a bank reconciliation?

• A)Outstanding checks
• B)Deposit in transit
• C)Service charge assessed by the bank
• D)Interest collected by the bank on a customer note

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Definitions:

EMV

Expected Monetary Value, a concept in decision making and risk management that calculates the average outcome when the future includes scenarios that may or may not happen.

Capacity Decision

Decisions related to the amount of resources needed by an organization to meet changing demands for its products.

Process-focused Shop

A production facility organized around processes to facilitate low-volume, high-variety production.

Repetitive Focus

A production strategy where the same products or services are produced in high volumes over a long period using a dedicated set of resources.