Chloe Signed the Back of Her Check with Nothing Else

question 126

Multiple Choice

Chloe signed the back of her check with nothing else by it.She used a(n)

• A) Blank endorsement.
• B) Restrictive endorsement.
• C) Deposit ticket.
• D) Special endorsement.
• E) Individual account.

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Definitions:

Extraordinary Item

A term used in accounting to describe events and transactions that are both unusual and infrequent in nature, significantly affecting a company's financial position.

Loss On Bond Redemption

The financial loss incurred when bonds are redeemed before their maturity date at a higher value than their purchase price.

Straight-Line Amortization

A technique for distributing the cost of an asset uniformly throughout its period of use.

Callable

A feature of certain bonds or securities that allows the issuer to buy back or "call" the security before its maturity date, often at a predetermined price.