A customer list may be classified as either a finite-life asset or an indefinite-life asset

Indicate whether the statement is true or false.

Answer: TRUE

Business

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Cash flow from operations includes all of the following adjustments to net income EXCEPT

A) purchases of new equipment. B) depreciation. C) increase or decrease in current liabilities. D) increase or decrease in current inventory.

Business

Experts advise owners of growing companies to micromanage their businesses

Indicate whether the statement is true or false

Business