When a new project or business begins, it is NOT necessary to consider the funding of the working capital that is part of the project
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: When a new project or business begins, it IS necessary to consider the funding of the working capital that is part of the project.
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On January 1, a company issues bonds dated January 1 with a par value of $240,000. The bonds mature in 5 years. The contract rate is 11%, and interest is paid semiannually on June 30 and December 31. The market rate is 10% and the bonds are sold for $249,262. The journal entry to record the issuance of the bond is:
A. Debit Cash $249,262; credit Bonds Payable $249,262. B. Debit Bonds Payable $240,000; debit Bond Interest Expense $9262; credit Cash $249,262. C. Debit Cash $249,262; credit Premium on Bonds Payable $9262; credit Bonds Payable $240,000. D. Debit Cash $249,262; credit Discount on Bonds Payable $9262; credit Bonds Payable $240,000. E. Debit Cash $240,000; debit Premium on Bonds Payable $9262; credit Bonds Payable $249,262.
A balance sheet account with a debit balance requires a closing entry that credits that account, because a credit closing entry will result in a zero ending balance in the account
Indicate whether the statement is true or false
Discuss the significance of analyzing the setting of your presentation
What will be an ideal response?
What are the two main sources of uncertainty in cost management?