Which of the Following Has Made It Difficult to Engage

question 44

Multiple Choice

Which of the following has made it difficult to engage in kiting in recent years?

• A)Electronic processing of checks.
• B)The use of machine readable account numbers on checks.
• C)The consolidation of financial institutions.
• D)The use of payroll processers.

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Definitions:

Claims Against Estate

Legal claims or debts against a deceased person's estate, which must be settled before assets can be distributed to heirs.

Funeral Expense

Costs associated with burial or cremation and associated services, often considered during estate planning.

Journal Entry

A record in the accounting books that denotes a transaction or financial event.

Life Insurance Policy

A contract between an insurance policyholder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.