Competition in the 21st century is no longer between companies; it is between supply chains

Under the Federal Truth-in-Lending Law, the cost of credit on certain loans is expressed as:

A: A maximum percentage rate; B: An annual percentage rate; C: A minimum percentage rate; D: A monthly percentage rate.

Under U.S. GAAP, companies generally use a cash flow approach to account for temporary differences between book and tax treatment of transactions

Indicate whether the statement is true or false.