On the proprietary fund Statement of Revenues, Expenses, and Changes in Fund Net Position, capital contributions and additions to endowments appear ______ nonoperating revenues and expenses.

Project S has a pattern of high cash flows in its early life, while Project L has a longer life, with large cash flows late in its life. Neither has negative cash flows after Year 0, and at the current cost of capital, the two projects have identical NPVs. Now suppose interest rates and money costs decline. Other things held constant, this change will cause L to become preferred to S

a. True b. FalseIndicate whether the statement is true or false

Credit policy consists of:

A) the period over which credit is granted. B) procedures undertaken to collect overdue accounts. C) the length of the credit period and the discount offered. D) the guidelines used to decide which customers get credit.