Author Question: Long-term borrowing is a source of financing capital acquisitions, but the borrowing is not reported ... (Read 104 times)

asan beg · **on:** Jul 5, 2018

Long-term borrowing is a source of financing capital acquisitions, but the borrowing is not reported as a liability of the Capital Projects Fund.

Indicate whether the statement is true or false

Question 2

The cost of merchandise inventory is limited to the purchase price less any purchase discounts.
a. True
b. False

Indicate whether the statement is true or false