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f.)

Practice, Question 14 Which of the following statements regarding bank reconciliation is true? Service charges should be added to the ending book balance. Bank errors should be deducted from the ending book balance. Outstanding cheques should be deducted from the ending bank balance. O Deposits in transit should be deducted from the ending bank balance. A receivable is recognized only when payment has been received. when a service is performed. when the sales effort is substantially complete. O regardless of collection risk. Which of the following receivables would not be classified as an "other receivable"? interest receivable refundable income tax O advance to an employee notes receivable The carrying amount of property, plant, and equipment O is always equal to its fair value. O is always greater than its fair value. O is always less than its fair value. O may be different than its fair value. Match the items below by entering the appropriate code letter in the space provided. A. B. C. D. No par value shares Market capitalization Initial public offering Issued shares Ordinary shares Share capital Authorized shares E. F. G. 1. The first time a corporation's shares are offered for sale to the public. 2. Preferred and common shares combined. 3. Legal capital that cannot be distributed to shareholders. 4. Shares that have been sold. 5. Shares that have a right to vote feature. 6. Measure of the fair value of a company's total equity.