The Following Data Were Gathered to Use in Reconciling the Bank

question 30

Multiple Choice

The following data were gathered to use in reconciling the bank account of Savannah Company:​ What is the adjusted balance on the bank reconciliation?

• A)$14,470
• B)$10,705
• C)$15,095
• D)$15,720

---

Definitions:

Pigouvian Tax

A tax imposed on any market activity that generates negative externalities (costs not borne by the party causing them) to correct the market outcome.

Tradable Licenses

Permits that can be bought and sold, allowing the holder to engage in a particular activity or emit a certain amount of pollutants.

Common Resources

Goods that are accessible to all members of a society but have a limited supply, leading to potential overuse.

Socially Optimal

A state or outcome in which resources are allocated in the most efficient manner from a societal perspective, maximizing social welfare.