Capitalizing a cost involves crediting the asset account

The cash flow cycle:

A) describes the flow of cash through a company. B) illustrates that profits and cash flows are the same. C) reminds a financial manager that profits are important. D) focuses on financing activities only.

When adding a local image to a Web site, it is recommended that you store your images in a subdirectory called "images." Which of the following would be the proper way to add "deitel.gif"?

(a) C:/images/deitel.gif (b) images/deitel.gif (c) deitel.gif (d) None of these.