Regarding the use of a spreadsheet for the preparation of the statement pf cash flows, which of the following statements is true?
A) The T-account approach works well for all companies.
B) The statement of cash flows cannot be prepared directly from the spreadsheet because additional information is needed.
C) The spreadsheet is needed when companies face complex situations.
D) The spreadsheet can only be used if the indirect method for operating activities is also used.
C
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Which of the following is one of the requirements for forming an express trust?
A. The settlor need not necessarily attain the age required by state law for the creation of valid wills and contracts. B. The trust cannot be created for a reason that is contrary to public policy. C. The beneficiaries cannot be members of a specific class, such as "my children." D. The settler must name a trustee for the trust and a substitute trustee in the event the named trustee refuses to act.
Explain the components of report text
Callable bonds are bonds that the issuer may call and pay off at a specified price whenever the issuer wants
Indicate whether the statement is true or false
The major application that uses circuit switching networks is the
telephone system, thus most data transferred using this type of network is voice traffic. Indicate whether the statement is true or false