1) The amount of deposits in transit is included on the bank reconciliation as a(n)

a.deduction from the balance per bank statement

b.addition to the balance per company books

c.deduction from the balance per the company's books

d.addition to the balance per bank statement

2) The order of presentation of activities on the statement of cash flows is

a.financing, investing, and operating

b.operating, investing, and financing

c.operating, financing, and investing

d.financing, operating, and investing

3) Alma Corp. issues 1,000 shares of $10 par common stock at $14 per share. When the transaction is recorded, credit(s) are made to

a.Common Stock, $14,000

b.Common Stock, $10,000, and Paid-In Capital in Excess of Par, $4,000

c.Common Stock, $10,000, and Retained Earnings, $4,000

d.Common Stock, $4,000, and Paid-In Capital in Excess of Stated Value, $10,000