In terms of the statement of cash flows, cash includes actual cash items plus certain cash equivalents such as commercial paper, money market funds, and Treasury bills
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is a customer adoption force?
A) felt need B) affordability C) easy of use D) preferred availability E) desired performance
When determining whether to record an asset as a fixed asset, what two criteria must be met?
A) Must be an investment and must be long lived. B) Must be long lived and must use the asset in a productive manner. C) Must be long lived and must be a tangible asset. D) Must be a tangible asset and must be an investment.
Discuss mail fraud and wire fraud.
What will be an ideal response?
What do the credit terms, 2/15, n/30 mean?
A. A two percent discount can be deducted if the invoice is paid before the fifteenth day following the date of the sale. B. A two percent discount can be deducted if the invoice is paid after the fifteenth day following the sale, but before the thirtieth day. C. A two percent discount can be deducted for a period up to thirty days following the date of sale. D. A fifteen percent discount can be deducted if the invoice is paid within two days following the date of sale.