Cash payments made on accounts payable or accrued liabilities are considered repayments of loans and are classified as financing activities on the statement of cash flows
Indicate whether the statement is true or false
False
You might also like to view...
Nathan is dependable, responsible, and achievement-oriented, while Martin is relaxed and unworried. Nathan is likely to score high on
A. conscientiousness. B. openness to experience. C. internal locus of control. D. introversion. E. agreeableness.
The work sheet at the end of July has $5,350 in the Balance Sheet credit column for Accumulated Depreciation. The work sheet at the end of August has $6,700 in the Balance Sheet credit column for Accumulated Depreciation. What was the amount of the depreciation expense adjustment for the month of August?
A) amount can not be determined B) $6,700 C) $5,350 D) $1,350
The term ease of doing business refers to
A. the amount of effort required on the part of a customer when dealing with a firm. B. the ease with which a product can be promoted effectively. C. the ease with which a business can secure financing to start operating its business. D. how quickly a firm can recoup its costs and begin making a profit. E. how complicated the process is for producing and delivering a product.
Criminal laws carry damage penalties for a wronged individual
Indicate whether the statement is true or false