A contract to pay for lawn care services costing $1,500 would have to be in writing or in proper electronic form to be enforceable
a. True
b. False
Indicate whether the statement is true or false
False
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Define service culture
What will be an ideal response?
On the statement of cash flows, investing activities include purchases of land and equipment with the issuance of a note payable.
Indicate whether the statement is true or false.
Which of the following statements is true about the free cash flow hypothesis??
A. ?Firms should distribute earnings based on investors' preferences toward current income and future income. B. ?Firms should distribute earnings that can be reinvested at a very profitable rate. C. ?Firms should pay dividends when free cash flows in excess of capital budgeting needs exist. D. ?Firms that retain free cash flows have higher values than firms that distribute free cash flows. E. ?Firms should never distribute their free cash flows.
Accounting rules specify that assets on the balance sheet must be reported at current market value,
because this is the valuation most useful to potential investors. Indicate whether the statement is true or false