Answer the following statements true (T) or false (F)
On the statement of cash flows, the proceeds from the sale of equipment would be classified as a financing activity.
ANSWER: F
You might also like to view...
A capitalized asset will appear on the balance sheet as a long-term asset
a. True b. False Indicate whether the statement is true or false
Eagle's Nest sold equipment for $4,000 cash. This resulted in a $1,500 loss. What is the impact of this sale on the working capital?
a. Reduces working capital b. Increases working capital c. Has no effect on working capital d. The increases offset the decrease.
A ________ exists where a person holds a position of trust that requires that he exercise judgment on behalf of others, but where his personal interests conflict with those of others.
A. conflict of interest B. duty of loyalty C. community of interest D. duty of care
The information in a summary should be proportional to the original document
Indicate whether the statement is true or false