A simple interest calculation assumes you reinvest all interest earned in the investment

Under accrual-basis accounting

A. cash must be received before revenue is recognized B. net income is calculated by matching cash outflows against cash inflows C. events that change a company's financial statements are recognized in the period they occur rather than in the period in which cash is paid or received D. The ledger accounts must be adjusted to reflect a cash basis of accounting before financial statements are prepared under generally accepted accounting principles

An isoprofit line represents a line whereby all profits are the same along the line

Indicate whether the statement is true or false