Auditing standards define ________ as the magnitude of misstatements that individually, or when aggregated with other misstatements, could reasonably be expected to influence the economic decisions of users made on the basis of the financial

Interest expense is shown on the income statement as a non operating activity; however cash outflow for interest payments is shown as an operating activity on the statement of cash flows.

Indicate whether the statement is true or false.

Abbot Laboratories warehouses and delivers 3M's medical and surgical products to hospitals across the United States. The best description of this form of alliance would be a(n) ________

A) product alliance B) logistics alliance C) pricing collaboration D) indirect collaboration E) promotional alliance