The Records of a Corporation Provided the Following Information at the End

question 84

Multiple Choice

The records of a corporation provided the following information at the end of the current reporting year, December 31, 2002: $$\begin{array} { | l | l | } \hline \text { Cash short } & \$ 50 \\\hline \text { Petty cash (on hand) } & 300 \\\hline \text { Certificates of deposit } & 30,000 \\\hline \text { Savings account balance } & 17,800 \\\hline \text { Money orders trom customers } & 500 \\\hline \text { Chequing account balance (reconciled balance; does not include any other items listed) } & 11,720 \\\hline \text { Postage stamps on hand } & 104 \\\hline \text { Uncashed tax retund cheque } & 916 \\\hline \text { Uncashed certitied cheque (from c ustomer) } & 400 \\\hline\end{array}$$ The amount that the corporation should report for cash on its 2002 balance sheet is:

• A) $61,586
• B) $31,636
• C) $31,586
• D) $13,836
• E) $13,786

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Definitions:

Ecosphere

An ecological sphere; a concept encompassing all living organisms and their physical environment on the planet.

Sustainable Timber

Timber harvested in a way that maintains the forest's biodiversity, productivity, and ecological processes over the long term.

Widespread Destruction

Extensive damage or devastation covering a large area, often due to natural disasters or human activities.

Ecologically Extinct

A state in which a species is present in such low numbers that it no longer plays a significant ecological role in its ecosystem.