If a company erroneously records a $500 deposit as $400 in its books, which of the following must occur when reconciling the bank statement?
a. The company will have to increase the balance per the bank statement by $100.
b. The company will have to increase the balance per the books by $100.
c. The company will have to decrease the balance per bank statement by $100.
d. None of the above
b
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Gayle will be traveling to Thailand on business and wants to demonstrate intercultural competence while there. What is the best advice you can give her?
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