Carrie Thought She Misplaced Her Checkbook for a Few Days

question 140

Multiple Choice

Carrie thought she misplaced her checkbook for a few days. When she found it, she noticed that two checks, her cash, and her debit card were missing. She immediately thought about the increase in identity theft in her area and decided to take some action. She should take all of the following steps except

• A) Stop payment on the missing checks.
• B) Cancel her debit card.
• C) Get a new debit card with a new personal identification number (PIN).
• D) Close her bank account and open a new one.
• E) All of these steps are appropriate to take if she suspects identity theft.

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Definitions:

Fund Balances

The net assets in governmental funds, representing the difference between assets and liabilities.

Operating Fund

A fund used by an organization to manage its day-to-day operational expenses.

Encumbrance System

A legal system concerning real property wherein a claim or lien is placed on the property, affecting its use and transferability.

Estimated Commitments

Obligations or contracts that a company plans to undertake in the future, which are often projected or approximated.