Julie Signs a Check Payable to the Order of Kwik

question 20

Multiple Choice

Julie signs a check payable to the order of Kwik Mart Stores,Inc. ,that does not include a date.This check is

• A)negotiable.
• B)nonnegotiable,because it does not include a date.
• C)nonnegotiable,because it is payable to a corporation.
• D)nonnegotiable,because it is signed by the drawer.

---

Definitions:

Operating Activities

Activities that constitute the primary or main activities of an organization, such as selling products or services.

Data Accumulation

The process of collecting, organizing, and storing data for analysis and decision-making purposes.

Investing Activities

Transactions involving the acquisition or disposal of long-term assets and investments not considered cash equivalents.

Fixed Assets

Long-term tangible assets used in the operations of a business, not expected to be converted into cash within a year.