We report Interest paid on Bonds Payable or Notes Payable in the Operating Activities Section of the Statement of Cash Flows rather than in the Financing Activities Section of the Statement of Cash Flows.
True
False

Describe the three different ways the argument section of a cover letter can be formatted

Which of the following statements is incorrect? select one: a. personal creditors have first claim on partnership assets.b. partnerships are subject to dual taxation.c. no law requires partners to create a written partnership agreement, but it's smart to do so.d. partnership has limited life and unlimited liability.

Nthis economy, community members typically use simple tools to plant and harvest crops. food supplies are supplemented by hunting animals and gathering plant materials. members trade with each other to obtain needed goods, as few people hold currency. little economic growth occurs. what type of economy is being described?