Foster forges Greta's signature on a check "payable to the order of Foster" drawn on Greta's account in Hearthside Bank. Most likely, if the bank pays the check
A) the Federal Reserve will reimburse all parties for their costs
B) the loss will be apportioned among all of Hearthside's customers.
C) Greta will be liable for the amount.
D) Hearthside will have to recredit Greta's account.
D
You might also like to view...
Realistic Sound's unadjusted bank balance amounted to $3,000 . Outstanding checks amounted to $500 and deposits in transit totaled $300 . Based on this information alone, Realistic's adjusted cash balance is:
a. $3,200 b. $3,300 c. $2,800 d. $2,700
Use this information to answer the following question. These facts concern the long-term stock investments of DeBord Corporation: June 1, 2014 Paid cash for the following long-term investments: 5,000 shares Vanhook Corporation common stock (representing 5 percent of outstanding stock) at $40 per share; 3,000 shares Shust Corporation common stock (representing 3 percent of outstanding stock) at
$24 per share. Dec. 31, 2014 Quoted market prices at year end: Vanhook common stock, $35; Shust common stock, $27. April 1, 2015 A change in policy required the sale of 1,000 shares of Vanhook Corporation common stock at $38. July 1, 2015 Received a cash dividend from Shust Corporation equal to $.30 per share. Dec. 31, 2015 Quoted market prices at year end: Vanhook common stock, $39; Shust common stock, $22. The entry to set up the Allowance to Adjust Long-Term Investments to Market in 2014 is: A) Long-Term Investments 16,000 Realized Loss 16,000 B) Realized Loss 16,000 Long-Term Investments 16,000 C) Allowance to Adjust Long-Term Investments to Market 16,000 Long-Term Investments 16,000 D) Unrealized Loss on Long-Term Investments 16,000 Allowance to Adjust Long-Term Investments to Market 16,000
An environmental impact statement must analyze the impact on any affected business of proposed environmental controls
Indicate whether the statement is true or false
A feasible solution does not have to satisfy any constraints as long as it is logical
a. True b. False Indicate whether the statement is true or false