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Assignment help 2916

true or false

1.the relationship among the various items in the SCI is a criterion for the availability of the resources for business use.

2.the issuance of promisorry note for cash received will increase the working capital of the business.

3.creditors have priority of claims against the business assets.

4.the total value of credits in most cases is higher than the total value of debits.

5.to raise capital is described as an investment activity of the business.

6.the primary concern of financing activities of the business is to acquire and dispose long-lived assets.

7.the measuring aspect of accounting determines the activities and events with financial bearing to the basic accounting elements of the business.

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