Fraud in the inception occurs when a party is tricked into signing a negotiable instrument while

thinking he/she is signing something else.

Indicate whether the statement is true or false

TRUE

Business

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The communication process begins with the process of __________.

a. encoding b. encrypting c. channeling d. decoding

Business

When a note receivable has been discounted by a company

a. An account called discount on notes receivable is used. b. It will be shown as an asset of the company. c. It slows the collection process. d. It may be shown as a contingent liability in the footnotes.

Business