The effective rate of interest is the contractual rate of interest charged by a lender or promised by a borrower

Accountants can prepare the statement of cash flows directly from the lower part of the spreadsheet

Indicate whether the statement is true or false

Which of the following is not an example of a high-tech service?

a. contract research by a biotechnology company b. consulting on implementing technology solutions c. providing food service to IBMs corporate cafeteria d. an architectural firm providing design services using CAD/CAM workstations e. firms offering outsourced information technology services