Thompson Company Developed the Following Reconciling Information in Preparing Its

question 170

Multiple Choice

Thompson Company developed the following reconciling information in preparing its October bank reconciliation:

Using the above information,determine the cash balance per books (before adjustments) for the Thompson Company.

• A)$11,050
• B)$19,450
• C)$15,950
• D)$11,150

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Definitions:

Policy Statements

Formal declarations issued by a company or organization to communicate principles, intentions, and guidelines on how it manages and conducts business.

Edgar Schein

A prominent organizational psychology and management professor, known for his contributions to organizational culture and leadership.

Values

Fundamental beliefs that guide or motivate attitudes or actions.

Organizational Culture

The set of shared beliefs, values, behaviors, and practices that characterizes an organization, influencing its environment and members.