Which of the Following Is Not an Effective Restrictive Indorsement

question 2

Multiple Choice

Which of the following is not an effective restrictive indorsement?

• A)"Pay only Jane Doe."
• B)"For deposit."
• C)"Pay any bank."
• D)"For collection."

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Definitions:

Return on Equity

A measure of financial performance calculated by dividing net income by shareholders' equity, indicating how effectively management uses equity investments.

Total Capitalization

The total value of a company’s outstanding equity and debt.

Note Payable

A liability in a formal written promise to pay a specific amount of money at a future date or dates.

Common Stock

Represents an equity ownership in a corporation, giving holders voting rights and a share of the company's profits via dividends.