A check for $236 is incorrectly recorded by the company as $263. On the bank reconciliation, the error would
A) appear as a deduction of $27 from the balance per books.
B) appear as an addition of $27 to the balance per bank.
C) appear as a deduction of $263 from the balance per books and an addition of $236 to the balance per bank.
D) appear as an addition of $27 to the balance per books.
D
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A Scanlon plan is a type of ______ compensation plan.
A. pay-for-knowledge B. gainsharing C. benchmarking D. pay-for-performance E. profit-sharing
Stricker Company sold equipment for $4,000. This resulted in a $1,500 loss. What is the impact of this sale on the balance sheet?
A) Reduces total assets B) Increases total assets C) Has no effect on total assets D) Increases total assets and decreases total equity
A team in which individual members set aside their personal agendas to focus on what is best for the team and in which the collective outcome defines success is said to have a __________ orientation.
What will be an ideal response?
A benefit of shared leadership compared with a non-shared leadership process is ______.
A. more cohesion B. more challenges C. more conflict D. more disruption