Financing activities include buying and selling long-term assets, investments in debt and equity securities, and lending money and collecting the principal on the related loans

Which of the following statements is true?

A) Accounts receivable are more liquid than cash. B) Notes receivable are always classified as current assets. C) Notes receivable usually have longer collection terms than accounts receivable. D) Accounts receivable are liabilities.

The Securities Act of 1933 and subsequent acts regarding public trading of company stock require that public relations practitioners report information if it does which one of the following?

A. Relates to material financial information about the company B. Is likely to affect securities prices C. Is likely to be considered important by a reasonable investor in making investment decisions D. All of the above E. Only A and B