John Issued a Check to Mary Who Signed It as a Blank

question 84

Multiple Choice

John issued a check to Mary who signed it as a blank endorsement.Mary lost the check.If someone finds it,he/she could

• A)sign his/her name under Monica's and cash the check.
• B)write "for deposit only" under Monica's signature and deposit it to his/her account.
• C)do nothing;the check must be made payable to him/her before it can be cashed.
• D)do nothing;since he or she is neither a payer or payee.

Understand and apply the concept of inventory shrinkage and its adjustment in accounting records.

Learn how to prepare and understand the components of a single-step income statement and a statement of owner's equity.

Grasp the differentiation between periodic and perpetual inventory systems and their impact on accounting records.

Acquire the ability to arrange selected accounts in order of appearance for companies using a multiple-step income statement.

---

Definitions:

Rouge Test

A self-recognition test typically used on toddlers, where a mark is placed on the forehead and the child's reaction to its reflection is observed to assess self-awareness.

Awareness of Themselves

The condition in which an individual recognizes their own existence and characteristics.

Ainsworth's Study

Research conducted by Mary Ainsworth that classified types of child attachment into secure, avoidant, and ambivalent categories through the Strange Situation Procedure.

Unethical Research

Research activities that violate moral principles, disregard participant welfare, or do not adhere to scientific and ethical standards.