Which of the Following Is Not an Example of a Restrictive

question 38

Multiple Choice

Which of the following is not an example of a restrictive endorsement?

• A) The endorsement for deposit or collection only.
• B) The endorsement to prohibit further endorsement.
• C) The conditional endorsement.
• D) The trust endorsement.
• E) The endorsement specifying without recourse.

---

Definitions:

Services Revenue

Income generated from services provided by a company rather than from selling physical goods.

Going Concern Assumption

The accounting principle that assumes a company will continue to operate in the foreseeable future, and not liquidate its assets.

Accounting Information

Data related to financial transactions and status of a business, used for analysis, planning, and decision-making purposes.

Business Entities

Legal structures through which business is conducted, including sole proprietorships, partnerships, corporations, and LLCs.