Included with its bank statement a firm may receive a credit memorandum, which could indicate

A. the bank's return of a dishonored (NSF) check that was issued by a credit customer of the firm.
B. a bank service charge deducted from the firm's account balance.
C. an addition to the firm's account balance because the bank collected the amount due on a promissory note from a customer of the firm.
D. a fee for printing new business checks.


Answer: C

Business

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