When a check is certi?ed, which of the following occurs?
A) The drawer becomes liable to pay the check if the bank does not honor it.
B) The drawee agrees in advance that it will accept a check when it is presented.
C) An indorser is certifying to an indorsee that the check will be paid.
D) The drawer agrees that the check will be paid.
E) The ability to transfer the check by indorsement is terminated.
B
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The auditor normally considers both underlying accounting data and corroborating information in the audit process. Underlying accounting data does not include which of the following items?
a. Evidence of controls. b. Minutes of meetings. c. Checks, invoices, and contracts. d. General and subsidiary ledger.
Kyle Inc manufactures automobiles. In recent past, the company started buying brake shoes from an external vendor. Which of the following decisions was made by the company in this example?
A) Special order decision B) Segment profitability decision C) Make-or-buy decision D) Sales mix decision
Learning styles refer to the different ways individuals like to ______ information.
a. obtain and process b. see and present c. make deductions from d. analyze and integrate
Are you in favor of banning texting while driving to save lives? is an example of a leading question
Indicate whether the statement is true or false