Logistics Company Had the Following Items Listed in Its Trial

question 83

Multiple Choice

Logistics Company had the following items listed in its trial balance at 12/31/2013: Included in the checking account balance is $50,000 of restricted cash that Bank of the East requires as a compensating balance for the $300,000 note. What amount will Logistics include in its year-end balance sheet as cash and cash equivalents?

• A)$412,000.
• B)$462,000.
• C)$392,000.
• D)$442,000.

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Definitions:

Motor System

The part of the central and peripheral nervous system that is involved in the movement and coordination of muscles.

Artificial Limb

A prosthetic device designed to replace the function or appearance of a missing arm or leg, enhancing mobility and quality of life for amputees.

Glands

Organs in the body that secrete hormones or other substances directly into the blood or onto a body surface.

Exogenous

Originating from outside an organism or system.