Presentment for payment is one step necessary to charge an indorser with the obligation to pay
Indicate whether the statement is true or false
True
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Professor Lockhart signed a contract at the State University, where he has to teach at least eight classes per year, for which he will be paid an annual salary. He now has to follow which two standards?
a. quantity and time b. behavior and time c. quality and cost d. behavior and cost
Title to merchandise shipped FOB shipping point passes to the buyer upon delivery of the merchandise to the buyer's place of business
Indicate whether the statement is true or false
A check for $342 was erroneously charged by the bank as $432. In order for the bank reconciliation to balance, you must add $90 to the bank statement balance
Indicate whether the statement is true or false
Which of the following is an example of liquidity analysis?
A) Total liabilities are divided by total assets. B) Net income is divided by average total assets. C) Net income is divided by the average number of common shares outstanding. D) Quick assets are divided by current liabilities.