Regarding the use of a spreadsheet for the preparation of the statement pf cash flows, which of the following statements is true?
A) The T-account approach works well for all companies.
B) The statement of cash flows cannot be prepared directly from the spreadsheet because additional information is needed.
C) The spreadsheet is needed when companies face complex situations.
D) The spreadsheet can only be used if the indirect method for operating activities is also used.
C
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A business purchases a truck by signing a note payable to the seller. Such a transaction would include a:
A. credit to truck B. debit to Note Payable C. credit to Note Payable D. debit to an expense account
Which of the following is true of the arbitration framework created by the New York Convention?
A) Signatory countries can require parties to an arbitration agreement to actually use arbitration. B) Signatory countries recognize and can enforce arbitration judgments. C) There are limited grounds for appealing arbitration decisions. D) The grounds that are recognized are different than the typical appeals that are permitted in a court of law. E) all of the above