Which of the following actions by a holder constitutes the complete cancellation of a negotiable instrument?
A) intentionally destroying the negotiable instrument to eliminate obligation
B) deliberately striking out the signature of an indorser
C) releasing an obligor from liability
D) surrendering collateral without the consent of the parties who would benefit from it
A
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Which one of the following categories on a statement of cash flows is used to report the cash flow effects of buying and selling property, plant, and equipment?
a. Operating Activities b. Investing Activities c. Financing Activities d. Profit Activities
Calculate the percent gross profit for a company if the sales revenue generated is $200 million, and the firm sells 60 products that cost $2 million each to produce
A) 20% B) 40% C) 50% D) 60% E) 80%
The ____ command can be used to remove procedures.
A. DEL B. DROP C. DELETE D. REMOVE
Which of the following is true about the process of setting the offering price of an issue??
A. ?The offering price of the initial public offering of the stock of a privately held company is determined by a financial intermediary, whereas the offering price of the seasoned offering of a public company is determined by an investment bank. B. ?An investment banker has an easier job of selling the issue if it carries a relatively high price. C. ?An investment bank finds it easier to set the offering price of an initial public offering as compared to that of a seasoned offering. D. ?An investment bank finds it easier to set the offering price of a seasoned offering of a private company as compared to a seasoned offering of a public company. E. ?If the company is already publicly owned, the offering price will be based on the existing market price of the stock or the yield on the firm's existing bonds.