Kip is Lulu's agent and is authorized to write checks on Lulu's account in Metro Bank. Kip writes a check "pay to the order of Nemo." Kip signs the check "Lulu, by Kip, agent." If Metro Bank dishonors the check, liability extends to
A. Kip and Lulu.
B. Kip only.
C. Lulu only.
D. no one.
Answer: C
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a. having a penalty imposed. b. sending the perpetrator to prison. c. proving the perpetrator guilty. d. being awarded financial restitution.
Culture helps the organization members deal with two issues that all organizations must resolve. These are ______.
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A. Both calls and puts increase in value B. Both calls and puts decrease in value C. Calls increase in value while puts decrease in value D. Puts increase in value while calls decrease in value
Auditors can usually gather sufficient, competent evidence on prepaid insurance by performing substantive analytical procedures. Why is this?
What will be an ideal response?