For a long-term home loan, such as 30 years, the amount of principal you pay on your loan during the first few years is quite small

The monetary unit assumption assures that all important information needed by investors, creditors, and managers is contained in the financial statements.

a. true b. false

The best time to purchase life insurance is right after graduation from college, before you have any financial dependents

Indicate whether the statement is true or false.