In the normal operation of business you receive a check from a customer and deposit it into your checking account. With your bank statement you are advised that this check for $425 is "NSF". The bank also informs you that due to the amount of activity on your business account the monthly service charge is $45. During a bank reconciliation:
A) subtract both values from balance according to bank.
B) add both values from balance according to books.
C) add both values from balance according to bank.
D) subtract both values from balance according to books.
D
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Vacation pay and year-end bonuses would be considered legal liabilities
Indicate whether the statement is true or false
Coll Company (the parent company) manufactured a product at a cost of $150 and sold it to Obman Company, a subsidiary of Coll, for $200 . Obman Company sold the product to its customer for $284 . As a result of these transactions, how much gross profit will appear on a consolidated income statement?
a. $134 b. $84 c. $234 d. $0
Which of the following sentences is most emphatic?
a. Brent works with customers daily. b. Although he works with customers on a daily basis, Brent would prefer focusing on his administrative duties. c. Brent works with customer's daily, but he would prefer focusing on his administrative duties. d. Despite his other preferred duties, Brent works with customers daily.
Customary international law is applicable domestically only after it is adopted by legislation, court decision, or local usage. This is called the ________
A. constitutive doctrine B. declaratory doctrine C. doctrine of transformation D. doctrine of incorporation