A bank reconciliation should be prepared a. whenever the bank ...

[washai]

A bank reconciliation should be prepared
 a. whenever the bank refuses to lend the company money
  b. to explain any difference between the company's balance per books with the balance per bank
  c. by the company's bank
  d. by the person who is authorized to sign checks

Question 2

Cash collections from customers is a(n) ________ activity on the statement of cash flows.
 
  A) operating
  B) investing
  C) financing
  D) indirect

[aruss1303]

Answer to Question 1

b

Answer to Question 2

A

[washai]

Excellent

[Dinolord]

Great answer, keep it coming