QUESTI O N 22 In working on a bank reconciliation. we should always consider that the bank's records are perfectly correct. C;- True L'__'.- False QUESTION 23 If the variable costs for our prot-making company this coming period are estimated to use up 65% of our expected revenue. then n'ght away we Know that ourfo-Led expenses are expected to use up the other 35% of our revenue. C.- True {3- False QUESTI O N 24 In writing a Bank: Reconcilialion. the panic side must always be on the left. and the company side on the light. 'le- True CI False QUESTIDN1? If a Eianl-c Fteco nciliation can not be made to balance. then something unusual has occurred and must be investigated. C} True C! False QUESTIDN1B It a company starts operating in April: and pays its Accounts Payable fer each month in the following month, and expenses for April are $30000. of which 50% are paid immediately in cash. the other 50% becoming Accounts Payable. then 5:; a. the company will pay no Accounts Payable bills in April. If} h. the company will pay 030.000 of Accounts Payable in April. C: c. the company will have no Accounts Payable bills to pay in May. C; cl.BCITH b and c above are correct! I1\";- E- none of the above.