Brenda Lost Her Debit Card

question 35

Multiple Choice

Brenda lost her debit card.When she realized it was gone,her account had $173 in unauthorized charges.She notified her financial institution within two days.How much is she potentially liable for?

• A) $0.
• B) $25.
• C) $50.
• D) $173.
• E) This cannot be determined with the information provided.

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Definitions:

Apparel Manufacturer

A business entity specialized in the production and distribution of clothing items.

Extraordinary Item

Unusual and infrequent gains or losses that are reported separately in the financial statements to give a clearer picture of a company's ongoing performance.

Income Reporting

The process of communicating the income generated by a business over a specific period, typically through financial statements like income statements.

Earnings Per Share

A key financial indicator calculated by dividing the net income by the number of outstanding shares of a company's stock.