QUESTION 34Which of the following cash transfers is most likely to result in a misstatement of cash at December 31, 20X7? Bank Transfer Schedule DisbursementReceipt Recordedin booksPaid by bankRecordedin booksReceived by bankA)12/31/X71/4/X812/31/X712/31/X7B)1/4/X81/5/X812/31/X71/4/X8C)12/31/X71/5/X812/31/X71/4/X8D)1/4/X81/11/X81/4/X81/4/X8 Transfer A. Transfer B. Transfer C. Transfer D.

Answered: Which of the following cash transfers…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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QUESTION 34

Which of the following cash transfers is most likely to result in a misstatement of cash at December 31, 20X7?

	Bank Transfer Schedule
	Disbursement	Receipt
	Recorded in books	Paid by bank	Recorded in books	Received by bank
A)	12/31/X7	1/4/X8	12/31/X7	12/31/X7
B)	1/4/X8	1/5/X8	12/31/X7	1/4/X8
C)	12/31/X7	1/5/X8	12/31/X7	1/4/X8
D)	1/4/X8	1/11/X8	1/4/X8	1/4/X8

		Transfer A.
		Transfer B.
		Transfer C.
		Transfer D.

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