Which of the Following Is Bearer Paper

question 13

Multiple Choice

Which of the following is bearer paper?

• A)A check payable to the order of X and specially indorsed to Y.
• B)A check payable to the order of X.
• C)A check payable to the order of cash and specially indorsed by the person who received it.
• D)A check payable to the order of cash and delivered to Y.

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Definitions:

Uncollectible

Debt or receivables that are considered impossible to collect, potentially due to the debtor's inability to pay.

Budgeted Cash Disbursements

Budgeted cash disbursements are forecasted cash payments during a specific period, part of cash flow planning.

Bad Debts

Accounts receivable that are considered uncollectible and are written off as a loss.

General Operating Expenses

These are the day-to-day expenses necessary for the management and administration of a business, such as rent, utilities, and payroll.