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CTP · Question #371

(Topic 4) XYZ Corporation's current ledger balance of the controlled disbursement account is $1,286,500. Based on the information in the table, what will the corporation's available balance be at…

The correct answer is B. $126,744. See the full explanation below for the reasoning.

Question

  • (Topic 4)

XYZ Corporation’s current ledger balance of the controlled disbursement account is $1,286,500. Based on the information in the table, what will the corporation's available balance be at the end of today?

Options

  • B$126,744
  • C$434,706
  • D$1,748,473

How the community answered

(54 responses)
  • B
    74% (40)
  • C
    7% (4)
  • D
    19% (10)

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