Tanika has a checking account at First Bank. Orrin steals one of her blank checks, writes a check for $250 to himself, and then forges Tanika's signature. Orrin then indorses the instrument to Paul in payment of a debt. Paul presents the instrument to First Bank for payment. At First Bank's request, Paul indorses the instrument, and the bank then pays him $250. Which of the following is correct?
A) Paul has no contractual liability on the instrument.
B) Orrin has no contractual liability on the instrument.
C) Tanika has no contractual liability on the instrument.
D) Paul, Orrin and Tanika all have contractual liability on the instrument.
C
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A) summarize the key points B) introduce new material to expand the scope C) list all of the action items D) present the benefits of following the recommendations E) present the benefits of key ideas
______________________________ refers to the number of different processes through which a product flows
Fill in the blank(s) with correct word
Expenses provide future benefits, and assets measure the consumption of those benefits
Indicate whether the statement is true or false
When the actual price per unit of direct materials used exceeds the standard price per unit, the company has an unfavorable direct materials price variance.
Answer the following statement true (T) or false (F)