1)Information to prepare the statement of cash flows usually comes from (a) comparative balance sheets, (b) current income statement, and (c) additional information.
Select one:
True
False
2)
A cash coverage ratio of less than 1 indicates cash inadequacy to meet asset growth.
Select one:
True
False.
3)A cash coverage ratio of less than 1 indicates cash inadequacy to meet asset growth.
Select one:
True
False
4)One of the usual differences between financial and managerial accounting is the time dimension of the information reported.
Select one:
True
False