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Author Question: Rodgers Company gathered the following reconciling information in preparing its May bank ... (Read 86 times)

tnt_battle

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on: Jul 5, 2018
Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculatethe adjusted cash balance per books on May 31. Cash balance per books, 5/31 5,400 Deposits in transit 375 Notes receivable and interest collected by bank 650 Bank charge for check printing 40 Outstanding checks 2,400 NSF check 140
 a. 5,870
  b. 6,245
  c. 4,930
  d. 3,845

Question 2

Under U.S. GAAP, research and development costs (R&D) are not capitalized as part of the cost of an asset.
 
  Indicate whether the statement is true or false


kardosa007

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Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

TRUE


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