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Author Question: In preparing a bank reconciliation, a deposit in transit is added to the ledger balance of cash. a. ... (Read 79 times)

Metfan725

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on: Jul 6, 2018
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


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britb2u

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Reply #1 on: Jul 6, 2018
Answer to Question 1

False

Answer to Question 2

direct, indirect


Metfan725

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  • Posts: 552
Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

komodo7

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  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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