A thief stole Art's checkbook and forged Art's name as drawer of a check. The drawee paid the check in good faith and sent it to Art with the monthly statement on January 3, 2013. The thief forged other checks during February and March of 2013, which the drawee in good faith paid. All paid checks were sent to Art with monthly statements. On May 25, 2014, Art discovered all of the forgeries and
notified the drawee. For which check(s) is Art entitled to be reimbursed?
A) none of them
B) all of them
C) the first check only
D) the last check only
A
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Which of the following is a factual misstatement?
A. A projected misstatement resulting from errors found during sampling. B. A management estimate that is outside the range of reasonable outcomes determined by the auditor. C. A fixed asset being recorded at the incorrect cost. D. Difference in judgment between the auditor and management.
The number of performance aspects that can be evaluated in a price-performance trade-off analysis is limited
Indicate whether the statement is true or false
The cost-volume-profit graph
A) plots three separate lines. B) plots the total revenue line and the total cost line. C) the vertical axis is measured in units sold and the horizontal axis in dollars. D) all the answers are correct.
A transaction has been recorded in the T-accounts of Simpson Company as follows:Cash850 Notes Payable 850Which of the following could be an explanation for this transaction?
A. The company loaned $850 to another company. B. Simpson acquired $850 cash from the issue of common stock. C. The company repaid a $850 debt. D. The company borrowed $850.