Depreciation expense is usually a disbursement listed on the cash budget.

Select one:

a. TRUE

b. FALSE

An equipment's book value is the original cost plus accumulated depreciation.

Select one:

a. TRUE

b. FALSE

Joint products should be processed beyond the split-off point if ________.

Select one:

a. additional revenue from further processing exceeds additional expenses from further processing

b. incremental expenses from further processing exceed incremental revenues from further processing

c. the marginal cost of the joint product exceeds the marginal revenue

d. sale of the product is guaranteed

Cash collections from customers in any given month include the current month's cash sales and expected collections on credit sales.

Select one:

a. TRUE

b. FALSE