A functional acknowledgment acknowledges receipt of the message and reports in detail the items in the received message

Indicate whether the statement is true or false.

Answer: TRUE

Business

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The operating activities section is often believed to be the most important part of a statement of cash flows because

A. it gives the most information about how operations have been financed. B. it shows the dividends that have been paid to shareholders. C. it indicates a company's ability to generate cash from sales to meet current cash payments for goods or services. D. it shows the net increase or decrease in cash during the period.

Business

Lyall Electric, Inc., maintains a sales force for its small appliance customers and a separate sales force for its automotive customers. Lyall Electric utilizes a(n) ________ sales force structure

A) intensive B) geographic C) industry specialization D) product E) performance

Business