Cost means the cash or cash equivalent amount sacrificed to acquire an asset. Indicate whether ...

Author Question: Cost means the cash or cash equivalent amount sacrificed to acquire an asset. Indicate whether ... (Read 107 times)

sdfghj

Hero Member
Posts: 552

on: Jul 5, 2018

Cost means the cash or cash equivalent amount sacrificed to acquire an asset.

Indicate whether the statement is true or false

Question 2

A customer's check received in settlement of an account receivable is considered cash.
a. True
b. False

Indicate whether the statement is true or false

kalskdjl1212

Sr. Member
Posts: 353

Reply #1 on: Jul 5, 2018

Answer to Question 1

TRUE

Answer to Question 2

True

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