A Signature on a Negotiable Instrument Can Be Any Name

question 12

True/False

A signature on a negotiable instrument can be any name, word, or mark used in lieu of a written signature.

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Definitions:

Unearned Items

Items for which payment has been received, but the service or product has not yet been delivered or completed.

Liability Accounts

Accounts on a company's balance sheet that track what it owes to others, including loans, accounts payable, and mortgages.

Expense Accounts

Categories in financial accounting used to track money spent on operations and other costs by a business.

Accrued Revenues

Income earned but not yet received or recorded at the end of an accounting period, reflecting revenues for services performed or goods sold but not yet billed.