A Personal Check with Guaranteed Payment Is Called A

question 72

Multiple Choice

A personal check with guaranteed payment is called a:

• A)traveler's check.
• B)bank draft.
• C)certified check.
• D)money order.
• E)cashier's check.

Understand the significance of operating, investing, and financing activities in the statement of cash flows.

Analyze the impact of specific business operations and transactions on cash flows.

Interpret the changes in cash flow statement items and their implications on business financial health.

Develop an understanding of how non-cash transactions and charges are considered in cash flow reporting.

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Definitions:

2 ½ Years

A time period of two and a half years.

Compounded Annually

The process of adding interest to the principal sum of a loan or deposit once per year, resulting in an increase in the amount of interest earned over time.

Discount Rate

The interest rate used to determine the present value of future cash flows.

Promissory Notes

Written promises to pay a specified sum of money to a specified person at a specified time.