Purchases of fixed assets are classified as investing activities on the statement of cash flows

Indicate whether the statement is true or false.

Answer: TRUE

Business

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Compared with high-rise buildings, spread-out low-rise facilities are more likely to incur costs for:

a. transportation equipment to enable staff member to get around the premises b. premature equipment failure c. renovation needs d. all of the above

Business

The buyers made an offer on the exact terms of the listing contract on February 1, with the condition that the offer be accepted within 72 hours. The broker was unable to contact the sellers until February 6. When the sellers accepted the offer, the broker promptly notified the buyers. The buyers told the broker that they had changed their minds and did not want to purchase the property. The buyers demanded the return of their deposit:

A: The buyers have grounds to demand the return of their deposit; B: The deposit would be forfeited because it was not the sellers' fault that the broker could not locate them; C: The broker would receive a full commission; D: The broker would receive one-half of his commission.

Business