Which of the following bank reconciliation items should not be added to or subtracted from the bank statement balance to determine the reconciled cash balance?
Select one:
A. Outstanding checks
B. Deposits in the mail but not yet received by the bank
C. Bank service charges
D. None of the above
C. Bank service charges
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Which of the following statements would most likely NOT be supported by an advocate of offshoring?
A) Offshoring increases the number of high-value jobs in the home countries of offshoring companies. B) Offshoring is fundamentally better for workers than the introduction of labor-saving technologies. C) Workers displaced due to offshoring are able to find new jobs as easily as those displaced by technology. D) There are upper limits to offshoring because of the lack of skilled workers willing to work permanently for low wages.
________ is a statement of a firm's financial position on a particular date and is known as a statement of financial position
A) Cash flow statement B) Balance sheet C) Income statement D) Expense report E) Profit and loss statement