Avril Receives a Payroll Check from Business Solutions, Inc

question 1

Multiple Choice

Avril receives a payroll check from Business Solutions, Inc., and indorses it by signing her name on the back of the check. This is​

• A) ​a blank indorsement.
• B) ​a qualified indorsement.
• C) ​a restrictive indorsement.
• D) ​a special indorsement.

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Definitions:

Common Stockholders' Equity

Common Stockholders' Equity represents the interest of common shareholders in a company, calculated as the difference between total assets and total liabilities, including preferred equity.

Inventory Turnover

An indicator of the frequency with which a business's stock is sold and replenished within a given timeframe, demonstrating the effectiveness of how inventory is handled.

Intangibles

Assets that lack physical substance but possess value, such as patents, copyrights, trademarks, and goodwill.

Long-term Liabilities

Obligations that a company expects to pay after one year.