Identify whether each of the following items 1 through 10 would on appear on the bank side or the book side of a bank reconciliation.____ 1. Bank service charges____ 2. Outstanding checks____ 3. Deposits in transit____ 4. NSF check____ 5. Interest on a checking account____ 6. The company properly wrote a check for $95.80 that the bank incorrectly paid as $9.58.____ 7. The bank printed checks for the depositor for a fee.____ 8. Bank debit memorandum____ 9. Bank credit memorandum____10. The bank collected a $1,000 note for the depositor.
What will be an ideal response?
1. Book; 2. Bank; 3. Bank; 4. Book; 5. Book; 6. Bank; 7. Book; 8. Book; 9. Book; 10. Book
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Under a 401(k) plan, the ________ is responsible for choosing specific investments.
A. employee B. ERISA fiduciary advisor C. financial institution handling the account D. employer E. PBGC
If a purchasing division can acquire parts from outside suppliers at less than the selling division's incremental costs, it should do so, because this will enhance the company's overall profits
Indicate whether the statement is true or false
In formatting a report, if you discover that an entire table will not fit on the bottom of a page, you should:?
A) ?continue the graphic interpretation to the bottom of the page and begin the next page with the table. B) ?begin the table, allow an adequate margin at the bottom of the page, and complete the table at the top of the next page. C) ?end the page with the introduction to the table, regardless of space left on the page. D) ?place the table prior to the text reference to it if that placement will allow the entire table to appear on that page.
The present value of $200 to be received 10 years from today, assuming an opportunity cost of 10 percent, is: (Round to the nearest whole dollar)
A) $50 B) $200 C) $518 D) $77 E) $150