The Depreciation Expense account is a temporary account

Indicate whether the statement is true or false

TRUE

Business

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When a company is preparing a budgeted statement of cash flows, the payments for selling and administrative expenses can be obtained from the ________

A) budgeted payments for direct materials purchases B) sales budget C) cash budget D) budgeted balance sheet

Business

A current ratio of_____________or better is usually considered a comfortable margin

Fill in the blank(s) with correct word

Business