Cash dividends are an expense, and therefore they appear on the income statement

The time it takes a parent to assemble a children's bicycle has been shown to be normally distributed with a mean equal to 295 minutes with a standard deviation equal to 45 minutes

Given this information, the probability that it will take a randomly selected parent more than 220 minutes is about 0.0475. Indicate whether the statement is true or false

Because the allowance method results in better matching, accounting standards require its use rather than the direct write-off method, unless bad debts are immaterial

a. True b. False Indicate whether the statement is true or false