Conan Company has the following bank items: Balance per company books $25,000 Balance per bank statement 25,225 Deposit in transit 400 Outstanding checks 600 Interest income 50 Service charge 25 The adjusted bank balance should be

A) $25,000
B) $25,025
C) $25,400
D) $25,425


B

Business

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Koczela Inc. has provided the following data for the month of May:Inventories:   BeginningEndingWork in process$17,000$12,000Finished goods$46,000$50,000 Additional information:    Direct materials$57,000Direct labor cost$87,000Manufacturing overhead cost incurred$63,000Manufacturing overhead cost applied to Work in Process$61,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The adjusted cost of goods sold that appears on the income statement for May is:

A. $208,000 B. $206,000 C. $210,000 D. $214,000

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If an instrument is payable jointly using the word "and," both persons' indorsements are necessary to negotiate the instrument

Indicate whether the statement is true or false

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The lack of information sharing between the retailer and manufacturer leads to a large fluctuation in manufacturer orders

Indicate whether the statement is true or false.

Business

Only serious threats of monopolization are condemned as violations of antitrust law.

Answer the following statement true (T) or false (F)

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