A check for $235 is incorrectly recorded by a company as $253 . On the bank reconciliation the $18 error should be
a. deducted from the balance per books.
b. added to the balance per bank.
c. deducted from the balance per bank.
d. added to the balance per books.
D
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Job enlargement consists of adding challenges or new responsibilities to employees' current jobs.
Answer the following statement true (T) or false (F)
On January 1, Year 1, Monroe Minerals Company purchased a copper mine for $130,000,000. The mine was expected to produce 50,000 tons of copper over its useful life. During Year 1, the company extracted 8000 tons of copper. The copper was sold for $6500 per ton. Assume that the company incurred $9,100,000 in operating expenses during Year 1. What is the amount of net income for Year 1?
A. $20,800,000 B. $22,100,000 C. $11,700,000 D. $31,200,000
Which of these statements is INCORRECT regarding the federal income tax treatment of life insurance?
What will be an ideal response?
Ten years ago, Alicia invested $9,000 at 5 percent interest. How much more money would she have today if she had invested the money at 6 percent instead of 5 percent? Interest is compounded annually.
What will be an ideal response?