Which of the following is NOT one of the five ways to discharge a negotiable instrument?
a. Payment
b. Cancellation
c. Alteration
d. Presentation
d
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The ________ method of negotiating an objection is popular with customers because they can get fully acquainted with the product without making a major commitment
Fill in the blanks with correct word
Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,000 shares issued, and 8,000 shares of common stock outstanding. The journal entry to record the dividend declaration is:
A. Debit Retained Earnings $4,000; credit Common Dividends Payable $4,000. B. Debit Common Dividends Payable $4,000; credit Cash $4,000. C. Debit Common Dividends Payable $4,500; credit Cash $4,500. D. Debit Retained Earnings $10,000; credit Common Dividends Payable $10,000. E. Debit Retained Earnings $4,500; credit Common Dividends Payable $4,500.
Levitz entered into an agreement to sell property to Safeway. Safeway placed a condition in the agreement that required Levitz to obtain title to and sell to Safeway the lot adjoining the property that was the subject matter of the contract. Levitz was unable to acquire title to the adjoining lot but sought to go forward with the sale. Safeway refused. What result?
Which control plan for the cash receipts function has as its primary control goal to ensure security of resources?
A. reconcile bank account regularly B. enter cash receipts close to where cash is received C. immediately endorse incoming checks D. one-to-one checking of deposit slips and checks