Companies report cash flows associated with long term liability transactions in the investing section of the statement of cash flows, because the money was an investment in the future of the company
Indicate whether the statement is true or false
False
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Managerial accounting information for a company is primarily used by ________.
A) its customers to understand the pricing of the product B) its creditors to understand the credibility of the business C) its employees to plan, direct and control operations D) its investors to make their investment decisions
Costs that have been found to bear observable and known relationships to a quantifiable activity base are referred to as __________________________________
Fill in the blank(s) with correct word
Goods in transit are included in a purchaser's inventory:
A. After the half-way point between the buyer and seller. B. When the supplier is responsible for freight charges. C. When the goods are shipped FOB shipping point. D. At any time during transit. E. If the goods are shipped FOB destination.
The usefulness of the title or introductory page is:
A. questionable, especially to investors. B. that it contains backup data. C. such that it requires several pages. D. that it provides information about the company.