On a typical personal check, the bank is the drawee
Indicate whether the statement is true or false
true
You might also like to view...
Accrual-basis net income is most useful for
a. determining the amount of income tax a company should pay. b. predicting the short-term performance of an enterprise. c. predicting the long-term performance of an enterprise. d. determining the amount of dividends a company should pay.
A pattern of thoughts that focuses on the possibilities of a situation is:
a. opportunity thinking b. obstacle thinking c. habitual thinking d. planned thinking
Which of the following is a cost of extending credit to customers?
A. Explicit interest B. Fees paid to credit card companies C. Uncollectible accounts expense D. Lost sales
The UCC's requirement that contracting parties perform and enforce their deals honestly is termed
a. conformance. b. acceptance. c. good faith. d. reasonable action.