A Company Received a Bank Statement Showing a Balance of $76,000.Reconciling

question 153

Multiple Choice

A company received a bank statement showing a balance of $76,000.Reconciling items included outstanding checks of $2,000 and a deposit in transit of $9,100.What is the company's adjusted bank balance?

• A) $64,900
• B) $68,900
• C) $83,100
• D) $66,900

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Definitions:

Behavioral Role Modeling

The process by which individuals learn and adopt behaviors by observing the actions of others, particularly those they consider as role models.

Simulations

Artificial representations of real-world processes or systems for the purpose of research, training, or testing.

Behaviors

Observable actions or reactions of individuals, often studied in psychology and organizational behavior.

Single-Loop Learning

A process of learning that focuses on solving immediate problems and making improvements without questioning underlying assumptions.