Which of the following is true of a special indorsement?
A) It is only considered valid if it includes words of negotiation.
B) It requires the signature of the indorser to be valid.
C) It can be negotiated just on delivery.
D) It is considered a bearer instrument.
B
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Toss, a chain of sports equipment retailers, plans to invest in a retail operation in a foreign country. Which of the following categories of investments does this belong to?
A. Portfolio investment B. Philatelic investment C. Direct investment D. Alternative investment E. Inventory investment
Which of the payroll fraud scheme listed below tend to generate the largest losses?
a. commission b. falsified hours and salary c. ghost employee d. false worker compensation
The Rogers family has always wanted to buy the beautiful house at the top of the hill. The owners of the house, the Thompsons, decided to sell and called Mr. Rogers. Before he could get back in touch with Mr. Thompson, Mr. Rogers suffered a heart attack and died. Mr. Rogers' adult daughter, to whom the Thompsons had not spoken, still wants the house. She may:
a. not accept, since the offer is terminated. b. not accept, because she does not have the capacity. c. accept, since the contract offer is assignable. d. accept, since the offer cannot be revoked without notice.
Under just-in-time costing, the purchase of raw materials is recorded by debiting the Raw Materials Inventory account
Indicate whether the statement is true or false