True or false please do all
A cash discount given on an invoice by a firm has the benefit of speeding up the collection of receivables thereby reducing the investment in Accounts Receivable for the firm. Non-financial data should be excluded from the financial statement analysis, process, and conclusions. A service firm's inventory level represents a significant portion of the total assets of such a firm. With respect to Raw Materials, Work-in-Process, and finished Goods Raw Materials would generally have the least value/marketability of the three categories. The primary source of short term financing for all business firms collectively is the commercial bank. Under progress payment terms of sale, the seller is exposed to considerable risk in receiving payment. With respect to short term financing, accruals tend to be more discretionary in nature than trade credit for short term financing The largest source of long-term financing for a small and medium size business is a term loan from a commercial bank. The Cummulative Translation Account is a contra equity account resulting from a company's international operations. The number of authorized shares of stock will always be greater than or equal to the number of issued or outstanding shares of stock. Generally speaking, the stockholders of a firm are not entitled to the income generated by the firm unless cash dividends are declared by the Board of Directors. A proxy is a form in which a stockholder can assign his/her right to vote to another person/persons. Common stock may be classified according to claims on income and voting power. A term loan is a promissory note with a maturity exceeding one year under which a borrower agrees to make payments of principal and interest on specified dates to a lender. In general, the profitability of a firm is not considered to be as important as liquidity in determining the short-term debt paying ability of the firm. A cash discount given on an invoice by a firm has the benefit of speeding up the collection of receivables thereby reducing the investment in Accounts Receivable for the firm. Non-financial data should be excluded from the financial statement analysis, process, and conclusions. A service firm's inventory level represents a significant portion of the total assets of such a firm. With respect to Raw Materials, Work-in-Process, and finished Goods Raw Materials would generally have the least value/marketability of the three categories. The primary source of short term financing for all business firms collectively is the commercial bank. Under progress payment terms of sale, the seller is exposed to considerable risk in receiving payment. With respect to short term financing, accruals tend to be more discretionary in nature than trade credit for short term financing The largest source of long-term financing for a small and medium size business is a term loan from a commercial bank. The Cummulative Translation Account is a contra equity account resulting from a company's international operations. The number of authorized shares of stock will always be greater than or equal to the number of issued or outstanding shares of stock. Generally speaking, the stockholders of a firm are not entitled to the income generated by the firm unless cash dividends are declared by the Board of Directors. A proxy is a form in which a stockholder can assign his/her right to vote to another person/persons. Common stock may be classified according to claims on income and voting power. A term loan is a promissory note with a maturity exceeding one year under which a borrower agrees to make payments of principal and interest on specified dates to a lender. In general, the profitability of a firm is not considered to be as important as liquidity in determining the short-term debt paying ability of the firm
