An Exception to Disbursements Being Made by Check Is Acceptable

question 151

Multiple Choice

An exception to disbursements being made by check is acceptable when cash is paid

• A) to an owner.
• B) to employees as wages.
• C) from petty cash.
• D) to employees as loans.

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Definitions:

Coupon Rate

The percentage of face value paid as interest on a bond each year.

Current Yield

The interest or dividend income an investment generates, expressed as a percentage of the investment's current market price.

Face Value

The original value of a financial instrument as stated on the certificate or contract.

Market Price

represents the current price at which an asset or service can be bought or sold in the market.