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Andrej [43]
3 years ago
13

During the month of July, Clanton Industries issued a check in the amount of $767 to a supplier on account. The check did not cl

ear the bank during July. In preparing the July 31 bank reconciliation, the company should:
Business
1 answer:
ipn [44]3 years ago
8 0

Answer:

The Company should deduct the check amount from the bank balance.

Explanation:

Since Clanton Industries had issued a check in the amount of $767 to a supplier on account in which the check did not clear the bank .

Which means in preparing the bank reconciliation, the company should go ahead and deduct the check amount of $767 from the bank balance because the check did not clear the bank which means it is of no use for the check amount to still remain in the bank balance .

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When you listen carefully to directions you are given, it saves time for _________.
Juli2301 [7.4K]
Answer is C , when you actually listen to the person it saves to,e for them because they don't really have to go over it again ; and for you , you don't have to sit there confused or have to ask for more help . Good luck <3
5 0
3 years ago
Read 2 more answers
he Triffin paradox warned that the gold-exchange system of the Bretton Woods agreement was programmed to collapse in the long ru
Zarrin [17]

Answer: all of the options

Explanation:

Triffin paradox simply explains the economic interests conflicts that are faced by the countries that have their currencies been used as standards for global currencies.

The Triffin paradox was first proposed by Professor Robert Triffin. He also

warned that the gold-exchange system of the Bretton Woods agreement was programmed to collapse in the long run and was also responsible for the eventual collapse of the dollar-based gold-exchange system in the early 1970s.

7 0
3 years ago
Satchel Inc purchases 10,000 shares of its own previously issued $10 par common stock for $290,000. Assuming the shares are held
BaLLatris [955]

Answer:

a. No effect

b. Decreases in total asset

c. No effect

d. Decreases in total stockholder equity

Explanation:

Given that

Number of shares purchased = 10,000 shares

Par value = $10

Common stock = $290,000

By using the above information, we can interpret that

a. There is no effect on the net income

b. The total asset is decreased by $290,000 as it reduces the cash balance for $290,000

c. There is no effect on the total paid-in-capital

d. Total stockholder equity is decreased by  $290,000

We assume that treasury stock is accounted for using the cash method

5 0
3 years ago
The Modigliani and Miller (MM) articles implicitly assumed that bankruptcy did not exist. That led to the development of the "tr
yanalaym [24]

Answer:

True

Explanation:

The trade off theory states that capital structure decisions involve a trade off between costs and benefits of debt financing. Originally MM argued that a firm's capital structure should be 100% debt, but after accounting for bankruptcy costs, then the firm's capital structure should be less than 100% debt. Companies must substitute debt for equity at different levels (or vice versa if needed) until they reach a balance where the firm's value is maximized.

6 0
3 years ago
How does an understanding of management and organizational behavior lead to organizational effectiveness and efficiency
ioda

Answer: Understanding the organizational behavior and management can lead to effectiveness and efficiency.

Explanation:

Each and every organization have a proper set of rules and regulations that helps in running the organization effectively.

The goals can be achieved only when the organizational behavior and management is made clear to the employees.Understanding the work make the work done in a effective manner.

The efficiency of the organization is increased by doing the work with the better understanding of the management and organizational behavior.

7 0
3 years ago
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