Toys-4-U Corporation has $5 million in assets and $1 million in debt. Its leverage ratio is 1.25.

Wages Payable, Notes Payable, Unearned Revenue and Accounts Payable are all liability accounts with normal credit balances.

a. true b. false

The bureaucracy is characterized by highly routine tasks, formalized rules and centralized authority

Indicate whether the statement is true or false.