When Processing a Check,Savings & Trust Bank Encodes Information,such as the Amount

question 62

Multiple Choice

When processing a check,Savings & Trust Bank encodes information,such as the amount of the check,on the item. Savings & Trustthereby warrants to any subsequent bank or payor that

• A)the item has been returned to the drawer.
• B)none of the choices.
• C)the check has been processed manually.
• D)the encoded information is correct.

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Definitions:

Investing Transactions

Financial activities related to the purchase and sale of long-term assets or investments.

Financing Transactions

Activities that result in changes to the size and composition of the equity and borrowings of an entity.

Owner's Capital

The amount of money and assets owned by the proprietor in a business after liabilities have been deducted.

Electronic Repair Revenues

Income generated from services related to fixing electronic devices.