Answer the following statements true (T) or false (F)
For capital leases, the interest portion is classified as an operating activity, whereas the reduction of principal portion is a financing activity.
ANSWER: T
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A Canadian-built Caterpillar grader tractor imported into Chile would not be subject to duty because:
A) Chile and Canada established an FTA. B) tractors made in Canada are more durable. C) tractors made in Canada do not require certification. D) locally made tractors are more expensive in Chile.
Discuss and provide examples of why selection of the proper communication medium is so important
What will be an ideal response?
An understanding of the accounting for employee stock options (ESOs) requires several definitions. Which of the following is not true?
a. The grant date is the date employees exchange the option and cash for shares of common stock. b. The vesting date is the first date employees can exercise their stock options. c. A vesting period that depends only on the passage of time is a service condition d. A vesting period that depends on achieving a specified level of profitability or meeting some other nonshare-price-based target is a performance condition; e. A vesting period that depends on the firm's stock price reaching a specified target is a market condition.
The use of normal costing means that actual overhead costs are not assigned directly to jobs
Indicate whether the statement is true or false