The so-called "misery index" is the sum of a country's inflation and unemployment rates
Indicate whether the statement is true or false
TRUE
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During the year ended December 31, 2015, Oakwood Rehabilitation Hospital spent $50,000 cash on medical supplies. Oakwood's income statement for the same years shows supplies expense for $35,000. Which of the following bases of accounting does Oakwood most likely use?
A. Cash basis accounting B. Partial cash basis accounting C. Modified generally accepted accounting principles D. Accrual basis accounting E. Cost accounting
Business
Viral blogging is viral marketing done by bloggers
Indicate whether the statement is true or false
Business