In preparing a bank reconciliation, a deposit in transit is added ...

[Metfan725]

In preparing a bank reconciliation, a deposit in transit is added to the ledger balance of cash.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Per FASB rules, firms may use the ______ method or the _____ method to calculate and present cash flow from operating activities.
 
  Fill in the blanks with correct word

[britb2u]

Answer to Question 1

False

Answer to Question 2

direct, indirect

[Metfan725]

Thanks for the timely response, appreciate it

[hramirez205]

Wow, this really help