A Tangible or Electronic Record That Evidences Both a Monetary

question 10

Multiple Choice

A tangible or electronic record that evidences both a monetary interest and security interest in or a lease of specific goods is known as:

• A) a negotiable instrument.
• B) a document of title.
• C) a promissory note.
• D) chattel paper.

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Definitions:

Common Stock Dividends Distributable

Amounts declared by a company to be paid as dividends to holders of its common stock, recorded as a liability until paid.

Stock Split

An action by a company to divide its existing shares into multiple shares to lower the trading price of the stock, making it more accessible to investors.

Stock Dividend

A distribution of extra shares given to shareholders by a corporation, instead of distributing cash.

Market Value

The ongoing cost at which an asset or service can be traded or acquired in a market setting.