When Preparing a Bank Reconciliation,deposits in Transit Will

question 120

Multiple Choice

When preparing a bank reconciliation,deposits in transit will:

• A)Increase the balance per depositor's records.
• B)Decrease the balance per depositor's records.
• C)Increase the balance per the bank statement.
• D)Decrease the balance per the bank statement.

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Definitions:

X-inefficiency

The difference between efficient behaviors of businesses in a competitive market and their actual behaviors due to lack of competitive pressure.

Decreasing-cost Industry

An industry in which the costs of production decrease as the industry grows and output increases.

Decreasing-cost Industry

An industry in which the costs of production per unit decrease as the industry grows and output increases.

Long-run Equilibrium

A state in which all factors of production and outputs are adjusted so that prices, supply, and demand are stable over time.