An NSF Check Held by the Payee Should Be Carried

question 68

Multiple Choice

An NSF check held by the payee should be carried on the payee's records as

• A) Cash Short and Over.
• B) an account receivable.
• C) an account payable.
• D) part of cash on hand.
• E) a note receivable.

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Definitions:

Dividend

A portion of a company's earnings distributed to shareholders, usually in the form of cash or additional shares.

Directors

Individuals elected by shareholders to manage a corporation's affairs and make key strategic decisions on their behalf.

Stock Dividends

These are dividends paid by a company to its shareholders in the form of additional shares of stock, rather than in cash.

Contributed Capital

Funds raised by a company through the issuance of shares to investors, representing the stockholders' equity apart from retained earnings.