When service recovery is necessary, customers are happy
Indicate whether the statement is true or false
FALSE
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Which one of the following items would be subtracted from the balance per books in a bank reconciliation
a. Outstanding checks b. Deposit in transit c. Service charges d. Interest on customer note
Usually the open voucher payable file is organized by
a. vendor b. payment due date c. purchase order number d. transaction date
A class of stock for which there is no minimum legal capital is called:
A. Discounted stock. B. Noncumulative stock. C. No-par stock. D. Callable stock. E. Convertible stock.
Which of the following is correct about the Uniform Commercial Code?
A) Articles 4 and 4A are the only articles that affect the banking system. B) Article 2 covers both negotiable instruments as well as bank deposits and collections. C) Article 3 covers negotiable instruments; Article 4 covers bank deposits and collections. D) It does not apply to the banking collection and deposit process because negotiable instruments are not considered "goods."