Paying wages and salaries to employees is classified as a cash outflow in the operating activities section of the statement of cash flows.
Answer the following statement true (T) or false (F)
True
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When preparing financial statements, the accountant assumes that the business will continue to operate for at least 5 years, unless there is evidence to the contrary
Indicate whether the statement is true or false
The International Monetary Fund is an exclusive organization set up to primarily help the member nations of the Security Council
Indicate whether the statement is true or false
Janko Wellspring Inc. has a pump with a book value of $24,000 and a four-year remaining life. A new, more efficient pump, is available at a cost of $45,000. Janko can also receive $8,000 for trading in the old pump. The new pump will reduce variable costs by $10,000 per year over its four-year life. The costs not relevant to the decision of whether or not to replace the pump are:
A. $8,000. B. $40,000. C. $16,000. D. $24,000. E. $10,000.
Apple combines and packages proven technology in new and innovative ways. This is an example of its use of
A. strong primary activities. B. tangible resources. C. intangible resources. D. organizational capabilities.