To estimate the cash flow from operations, depreciation must be added back to net income because it is a non-cash charge that has been deducted from revenue
a. True
b. False
Indicate whether the statement is true or false
True
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Under the MACRS principles, the tax life of an asset is usually shorter than the asset's economic life
Indicate whether the statement is true or false
Reversing entries overcome the disadvantage of more complex entries to pay accrued liabilities and collect accrued receivables from the previous accounting period.
Answer the following statement true (T) or false (F)
When you want to give equal weight to two closely related ideas in a single sentence, use a compound sentence
Indicate whether the statement is true or false
According to your text, which department is primarily responsible for the ideas and strategies that comprise a corporate social responsibility (CSR) program in many organizations?
A. finance B. production C. marketing D. operations E. sales