Procter & Gamble exchanges cleaning products for machinery with Russia and Hungary. The nature of this transaction indicates that Procter & Gamble is engaging in ________

Which of the following is the recommended approach to handling interest incurred in financing the construction of property, plant and equipment?

a. Capitalize only the actual interest costs incurred during construction. b. Charge construction with all costs of funds employed, whether identifiable or not. c. Capitalize no interest during construction. d. Capitalize interest costs equal to the prime interest rate times the estimated cost of the asset being constructed.

A business plan is a tool that is an alternative to narrowly focused financial assessments that measures organizational performance in four areas: finance, customers' assessments, internal business processes, and learning and growth

Indicate whether the statement is true or false