Which of the Following Statements Is FALSE

question 15

Multiple Choice

Which of the following statements is FALSE?

• A)The Check Clearing for the 21st Century Act (Check 21),which became effective on October 28,2004,eliminated the disbursement float due to the check-clearing process.
• B)Trade credit is,in essence,a loan from the selling firm to its customer.
• C)The accounts receivable balance represents the amount that a firm owes its suppliers for goods that it has received but for which it has not yet paid.
• D)Providing financing at below-market rates is an indirect way to lower prices for only certain customers.

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Definitions:

Symbolic Form

A representation of propositions or arguments using symbols and logical operators to express logical relations clearly and concisely.

Component Statements

The individual assertions or propositions that make up a more complex argument or logical structure.

Connective(s)

In logic, connectives are symbols that connect two statements or propositions to form a more complex proposition, such as "and", "or", "if...then", and "if and only if".

Symbolic Form

The representation of logical propositions using symbols to simplify notation and facilitate logical analysis.