Answer:
Explanation:
Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.
There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.
The journal entries are shown below:
a. No journal entry required
b. Miscellaneous expense A/c Dr $16
To Cash A/c $16
(Being service charges is paid)
c. Cash A/c Dr $9 ($476 - $467)
To Utilities expense A/c $9
(Being correction is recorded)
d. No journal entry required
The preparation of the bank reconciliation statement is presented in the spreadsheet. Kindly find the attachment below:
Answer:
False
Explanation:
When <u>a multinational organization owns and controls productive assets in foreign countries through investment</u>, it is known as Foreign Direct Investment (FDI) and NOT relative efficiency of production.
FDI may be carried out through mergers and acquisitions, joint ventures and building facilities in other countries.
Answer:
correct option is 2) $600 gain
Explanation:
given data
common stock = 500 shares
par value = $25
sold = 100 share
per share = $49.50
solution
we get here first sale proceed of share that is
sale proceed of share = 100 share × $49.50 per share
sale proceed of share amount = $4950
and cost of share will be
cost of share = 100 share × $43.50 per share
cost of share = $4350
so here we get gain on sale of share that is
gain = $4950 - $4350
gain on sale = $600
so correct option is 2) $600 gain
