The Following Information Comes from the Annual Reports of Devin

question 90

Multiple Choice

The following information comes from the annual reports of Devin Designs. What is the ending inventory amount for 2010?

• A) $4,713
• B) $2,409
• C) $81
• D) $10,583

---

Definitions:

Special Endorsement

A form of endorsement on a negotiable instrument, such as a check, whereby the endorser specifies the party to whom the instrument is to be payable.

Named Endorsee

An individual or entity specifically named in a negotiable instrument, such as a check, as the party to whom the instrument is endorsed or assigned.

Endorser's Signature

The signature of the person who endorses a document, often found on checks or financial instruments, indicating their approval or transfer of rights.

Blank Endorsement

A payee’s or last endorsee’s signature on a negotiable instrument.