Question 2

Paying $1,000,000 for an investment classified as held-to-maturity is a cash outflow in the investing activities section of the statement of cash flows.

1)	True.
2)	False.

Question 4 (

In an executive stock option plan, compensation expense is allocated over the number of years based on the service period.

Question 4 options:

1)	True.
2)	False.