Which of the Following Statements Is Not True

question 77

Multiple Choice

Which of the following statements is not true?

• A)Routine payroll processing begins with the submission of time cards.
• B)Payroll clerks must verify the hours reported on the time cards.
• C)Payroll reconciles personnel action forms with time cards and prepares paychecks.
• D)Cash disbursements signs paychecks and forwards them to the paymaster for distribution.

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Definitions:

Par Value

The nominal or face value of a bond, share, or coupon as stated by the issuer.

Market Price

The up-to-the-minute market price for assets or services open for buy or sell transactions.

Dividends

Funds distributed by a company to its shareholders from its profits.

Modest Dividend

A relatively small or conservative amount paid out to shareholders from a company's earnings.