According to Standard & Poor's, the Highest Credit Rating That

question 87

Multiple Choice

According to Standard & Poor's, the highest credit rating that can be awarded is

• A) A.
• B)
• BA)
• C)
• AA)
• D)
• AAA)

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Definitions:

Company's Accounts

Records that contain the financial transactions, assets, liabilities, and equity of a company.

Deposits in Transit

Cash and checks that have been received and recorded by a business but not yet reflected in the bank's records.

Bank Statement

A summary of all checking account transactions mailed to the depositor or made available online by the bank each month.

Credit Memo

A document issued by a seller to a buyer, reducing the amount that the buyer owes to the seller under the terms of an earlier invoice.