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​There Are Precautions to Be Observed When Accepting Checks

question 12

Multiple Choice

​There are precautions to be observed when accepting checks.Match whether the following statements are considered a best practice (good policy) or not a best practice (not good policy) .Note: Answers may be used more than once.
-​A three-dimensional graphic foil embedded in the check to provide additional protection against duplication


Definitions:

Investments

Financial assets acquired for income generation or capital appreciation.

Cash Equivalents

Short-term, highly liquid investments that are easily convertible to a known amount of cash and close to their maturity.

Balance Sheet

A declaration of a company's financial health, detailing assets, obligations, and the equity of its owners at a targeted date.

Equity Method

A method of accounting for an investment in common stock by which the investment account is adjusted for the investor’s share of periodic net income and cash dividends of the investee.

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