Which of the following inventory cost flow assumptions produces the same ending inventory values under both the periodic and perpetual systems?

A company with working capital of $720,000 and a current ratio of 2.2 pays a $125,000 short-term liability. The amount of working capital immediately after payment is

a. $845,000 b. $595,000 c. $720,000 d. $125,000

A force majeure clause protects parties to a contract from being responsible for things outside of their control, such as a war or natural disaster that prevents performance

a. True b. False Indicate whether the statement is true or false