Purchases and sales of long-term investments for the period should be netted for disclosure in the investing activities section of the statement of cash flows
Indicate whether the statement is true or false
False
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Agger Inc. is opening an overseas office for the first time and is sending its best sales manager to oversee the start-up for two years. Zac, Agger Inc.'s human resource manager, is preparing cross-cultural training for the sales manager. A colleague suggests to Zac that he include the manager's spouse in the training. Should Zac follow the advice of his colleague?
A. Yes, the spouse should be included because doing so shows that the company values diversity. B. Yes, the spouse should be included because not doing so could be seen as sex discrimination. C. Yes, the spouse should be included because the family's adjustment affects the success of an assignment. D. No, train only the employee because the employee is the only one going on the assignment. E. No, train only the employee because including the spouse adds to costs but not benefits.
The purpose of the statement of cash flows is to provide information about total revenue and expenses
Indicate whether the statement is true or false
If bonds are sold at a premium to finance a capital project, what important question arises concerning the premium? Discuss the proper accounting for a bond premium in the capital projects fund, the debt service fund, and the government-wide statements assuming that the premium must be reserved for debt service.
What will be an ideal response?
With an interest-only mortgage, the borrower can choose to pay only the interest portion of the monthly payment for a specified period of time.
Answer the following statement true (T) or false (F)