A debit or credit memo describing entries in the company's bank ...

[LCritchfi]

A debit or credit memo describing entries in the company's bank account may be enclosed with the bankstatement. An example of a credit memo is
 a. deposited checks returned for insufficient funds
  b. a promissory note left for collection
  c. a service charge
  d. notification that a customer's check for 375 was recorded by the company as 735 on the deposit ticket

Question 2

The higher the debt-to-equity ratio the greater the positive financial leverage.
 
  Indicate whether the statement is true or false

[chjcharjto14]

Answer to Question 1

b

Answer to Question 2

FALSE