The financing activities section of the statement of cash flows includes paying dividends and making payments on long-term liabilities

The major distinction made between the multiple-step and single-step income statement formats is the separation of

A. Operating and nonoperating data. B. Income tax expense and administrative expenses. C. Cost of goods sold expense and administrative expenses. D. The effect on income taxes due to extraordinary items and the effect on income taxes due to income before extraordinary items

Risk can be assessed by means of scenario analysis and probability distributions

Indicate whether the statement is true or false