When Completing a Check Stub, to Arrive at the Ending

question 17

Multiple Choice

When completing a check stub, to arrive at the ending balance, take the beginning balance and:

• A) add the deposit and the check
• B) add the check and subtract the deposit
• C) subtract the check and the deposit
• D) subtract the check and add the deposit

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Definitions:

Par Value

A nominal value assigned to a share of stock as indicated in the corporate charter, not necessarily reflecting its market value.

Yield

The income return on an investment, such as the interest or dividends received, expressed annually as a percentage based on the investment's cost, its current market value, or its face value.

Quoted Price

The last price at which a security or commodity traded, often used as a reference to gauge market value.

Current Yield

The annual income (interest or dividends) divided by the current price of the security.