An unusual feature of the "Great Recession" in the U.S. from 2007-2009 was that the crisis did not spread to European nations
Indicate whether the statement is true or false
FALSE
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A purchase order is not the basis for recording a purchase and a liability
a. True b. False Indicate whether the statement is true or false
U.S. GAAP requires that the statement of cash flows disclose the amount of cash flows arising from financing activities including
a. short-term and long-term borrowing and repaying short-term or long-term borrowing. b. issuing of common or preferred stock and reacquiring shares of outstanding common or preferred stock. c. payment of dividends to stockholders. d. all of the above. e. none of the above.
Investments in bonds that management intends to hold to maturity are called held-to-maturity securities
Indicate whether the statement is true or false
Percentage analyses, ratios, turnovers, and other measures of financial position and operating results are:
A) a substitute for sound judgment. B) useful analytical measures. C) enough information for analysis, industry information is not needed. D) unnecessary for analysis, but reaction is better.