An instrument that is not payable to a specific payee or indorsee is known as a(n) ________
A) order paper
B) bearer paper
C) allonge
D) draft
B
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Bernard, Inc prepares a statement of cash flows using the visual inspection method. In 2016, Bernard had net income of $54,000. In addition, the following information is available: Gain on sale of land $16,000 Decrease in inventories 10,000 Amortization of patents 4,000 Increase in prepaid expenses 3,000 ? What net cash provided by operating activities should Bernard report in 2016?
A) $46,000 B) $72,000 C) $49,000 D) $50,000
Identify the proposition that challenges the argument for mandatory union membership.
A. Bargaining between employers and employees will be equal only if the employees bargain for wages and benefits as individuals. B. Mandatory union membership allocates the benefits and burdens of union membership in a fair and equal manner. C. Whoever receives benefits from a process that entails costs should share the cost of providing those benefits. D. Bargaining between employers and employees will be equal only if the employees bargain for wages and benefits collectively.
The _______ approach is particularly useful in helping prevent “idea paralysis.”
a. ABC b. 123 c. letter d. chart
Which ethical standard is violated when an accountant uses information from a financial statement he is preparing to advise a relative of a stock purchase?
a. Competence b. Confidentiality c. Integrity d. Credibility