Cardinal Company's bank statement showed a balance at May 31 of $180,974. The only reconciling items consisted of a large number of outstanding checks totaling $51,847. At May 31, what balance should Cardinal's Cash account show?

A. $232,821.

B. $129,127.

C. $77,280.

D. $180,794.

B

Business

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As interest rates rise, _____.

(A) It becomes more expensive to hold money as cash. (B) Bonds and savings accounts become less attractive for investment. (C) Firms will generally spend their wealth. (D) It becomes less expensive to hold money as cash.

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A real estate broker only has a right to earn a commission when the property sells during the listing period unless the following is included in the listing agreement:

a. a brokers protection clause. b. a exculpatory clause. c. a subordination clause. d. none of the above.

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