A person who signs an indemnity agreement may have to pay the debt even before the primary debtor is asked to repay the debt

Avatar Auto Parts Company uses the indirect method to prepare the statement of cash flows

Refer to the following section of the comparative balance sheet: Avatar Company Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Increase/(Decrease) Accounts Payable $4,000 $6,000 $(2,000 ) Accrued Liabilities 2,000 1,000 1,000 Long-term Notes Payable 84,000 90,000 (6,000 ) Total Liabilities $90,000 $97,000 $(7,000 ) How will the change in Accounts Payable be shown on the statement of cash flows? A) as an addition to Net Income B) as a deduction from Net Income C) as a deduction from investing cash flows D) as an addition to operating cash flows

For customers with strong credit ratings, Jen's furniture store offers a credit line with no interest for six months for purchases over $500. This is an example of a pricing strategy

Indicate whether the statement is true or false