Relatively fixed or permanent assets such as land, buildings, tools, equipment, and vehicles that companies acquire in the course of operating a business is referred to as short-term or current assets.?
Indicate whether the statement is true or false
False
You might also like to view...
Which of the following statements is false?
a. "Offshoring" sends work formerly performed in the home country to other countries. b. Relevant information for outsourcing can be either qualitative or quantitative. c. Offshoring could possibly create a net gain in jobs for United States. d. All of the above statements are true.
Which of the following is an incorrect statement regarding classifications of torts?
A) There are three classifications of torts: intentional, negligent, and strict liability. B) The primary distinguishing feature among the three classifications of torts is the degree of criminality associated with the wrongful conduct. C) Defenses for the various categories of torts differ. D) The types of damages for the various categories of torts differ.
Daren voluntarily left his employer and joined a new firm. A clause in his employment agreement with his previous employer stated that Daren would not be allowed to partner with the key clients or customers of his previous employer for a period of 2 years. This clause is an example of a:
A. noncompete clause. B. payback clause. C. nonsolicitation clause. D. nondisclosure clause.
If the tax laws were changed so that $0.50 out of every $1.00 of interest paid by a corporation was allowed as a tax-deductible expense, companies would be encouraged to use more debt financing than they presently do, other things held constant.
Answer the following statement true (T) or false (F)