Which of the following capital budgeting methods uses accrual accounting rather than net cash flows, as a basis for calculations?

The importance to the accounting profession of the Sarbanes-Oxely Act is that

a. bribery will be eliminated b. management will not override the company's internal controls c. management are required to certify their internal control system d. firms will not be exposed to lawsuits

A partner cannot make a general assignment of firm property for the benefit of creditors unless authorized by the other partners or unless they have abandoned the business

Indicate whether the statement is true or false