When a notes receivable is discounted, the business that endorses the note becomes potentially liable to the bank. This liability is called a

A(n) ________ is an indorsement that has no instructions or conditions attached to the payment of the funds

A) indorsement in trust B) indorsement for deposit C) nonrestrictive indorsement D) restrictive indorsement

A firm's formal reporting structure is a description of who in an organization reports to whom and is often embedded in a firm's organizational chart

Indicate whether the statement is true or false