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The Dinho Corporation Identified the Following Data When Preparing Their

Question 50

Multiple Choice

The Dinho Corporation identified the following data when preparing their April bank reconciliation:
In addition, Dinho incorrectly recorded a deposit in its books in the amount of $1,000.The correct amount was recorded by the bank as $1,200.
What is the net amount of the adjustment to Dinho's cash balance as a result of the bank reconciliation?


A) $1,675 increase
B) $1,700 increase
C) $1,675 decrease
D) $1,475 decrease

Correct Answer:

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