A Company Did Not Record the Receipt and Payment of an Utility

question 22

Multiple Choice

A company did not record the receipt and payment of an utility bill for $2,500.Is the trial balance out of balance?

• A)No.
• B)Yes,by $2,500.
• C)Yes,by $5,000.
• D)Yes,by an indeterminate amount.

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Definitions:

Motivated

Having a strong drive or incentive to accomplish a task, goal, or objective, often driven by internal or external factors.

Open Membership

A policy allowing anyone interested to join a group or organization without restrictions or prerequisites.

Cohesive

Possessing the ability to stick together or form a unified whole, often referring to the unity or bond within a group or organization.

Group Think

A phenomenon where a group's desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.