Wyden holds a check that is written out to him. The check has the amount in words as five hundred dollars. The amount in figures on this check states $200. Which of the following is correct?
a. The check is cashable for $500.
b. The check is cashable for $200.
c. The check is not cashable because the amounts differ.
d. The check is not cashable because the amounts differ by more than 10%.
Answer: A
CPA Exam
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