Consistent information ________
A) needs to be current so it can be used to make decisions
B) can be verified as accurate and truthful
C) allows users to make comparisons across financial statements
D) is presented the same way period after period
D
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An obligee who transfers the right to receive performance is called an assignor
Indicate whether the statement is true or false
In which of the following cases is a bank obliged to file a Currency Transaction Report (CTR) with the Internal Revenue Service?
A) The bank receives instructions from a customer to certify an ordinary check worth $10,000 issued in a foreigner's name. B) The bank receives an ordinary check worth $13,000 payable to a customer's checking account. C) A customer deposits $20,000 through a cashier's check in his checking account. D) A customer issues stop-payment instructions on a check worth $15,000 issued to a payee.