For U.S. GAAP reporters, a company can reclassify short-term debt as long-term debt if it intends to refinance or replace the debt with long-term or equity securities, and can demonstrate the ability to consummate the refinancing

When a business makes a cash payment, the Cash account is debited.

a. true b. false

Cadmia University is planning to start an online course called "Cultural diversities." The university wants to develop an information system to support virtual, collaborative education

Which of the following factors should be taken into account when developing the new system?A) the way students interact in an actual classroom setting B) the average time spent online by students C) the negative impact of social networking sites D) the religious sentiments of the students