Which of the following examples is NOT a trust indorsement?
a. Rao indorses his payroll check in blank.
b. Rao has to leave town, but wants to purchase a used car from a friend. He has his lawyer do the transaction and indorses his payroll check to his lawyer "as agent for Rao."
c. Rao asks his accountant to pay some bills for him while he is out of the country, so he indorses his payroll check to the accountant "as agent for Rao."
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following examples is NOT a trust indorsement? a. Rao indorses his payroll check in blank. b. Rao has to leave town, but wants ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Peter is software designer working at a big software company. He just found out that he has been shifted to their downtown branch. Peter is upset because his manager did not consult him over this move.
Answers (1)
Which of the following is a non-cash expense? Multiple Choice Cost of Goods Sold. Salaries. Office Supplies. Depreciation. Interest expense.
Answers (1)
Price discrimination is the practice of selling the same good at more than one price when the price differences are not justified by cost differences.
Answers (1)
The interest rate charged on overnight loans of reserves between banks is A) federal funds rate. B) prime rate. C) Treasury bill rate. D) discount rate
Answers (1)
Jurgenson Company issued bonds with a $100,000 face value on January 1, 2019. The five-year term bonds were issued at 98 and had a 7% stated rate of interest that is payable in cash on December 31st of each year.
Answers (1)
New Questions in Business
If you were using a simple exponential smoothing forecast model (alpha value equal to 0.30) that generated a forecast of 25.
Answers (1)
McMurphy Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the production of 12,000 units of this part are as follows: 36) Direct materials Direct labor Variable factory overhead Fixed
Answers (1)
The basic financial statements include all of the following except: Select one: a. Management's Discussion & Analysis b. Fund-basis financial statements c. Notes to the financial statements d. Government-wide statements e.
Answers (1)
The whole idea behind mass production was to: a. produce goods of the highest possible quality. b. give producers the maximum flexibility to respond to customer preferences. c. make large quantities of a limited variety of products at very low cost.
Answers (1)
Provenzano Corporation manufactures two products: Product B56Z and Product D32N. The company is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools.
Answers (1)