True or false please do all

A lease is a contractual agreement by which the owner of an asset (lessee) grants the use of his property to another party (lessor) under certain conditions for a specified period of time. Title remains with the lessee; possession/ control passes to the lessor. An operating lease is more permanent in nature and not normally cancellable unless mutually agreed upon. This lease is similiar to purchasing the asset in that the rental payments cover the full cost of the asset plus a desired rate of return. A problem with the asset turnover ratio is that it measures only the efficiency of the firm in producing net sales and not net profit. For three consecutive years a firm's ROA has been 10%. Since ROA has remained constant, we can naturally assume that both the asset turnover and the net profit margin have remained the same. The cash flow statement is a period statement because 10 represents cash flow over a period of time. Generally speaking, a decrease in an asset account, an increase in a liability, or an increase in an equity account, can be considered a source of funds. Cash flow involved in or resulting from the day-to-day known as Operating Cash Flow. Contributions to equity through the sale of stock would be an example of Financing Cash flow In the event of a liquidation of a firm, pension claims have the status of tax liens, which give them senior claim over other creditors. Profitability is the ability of the firm to generate earnings. From a creditor's perspective, the lower the debt/worth ratio, the better. Accrual accounting recognizes revenue when a cash payment is received and an expense when a cash payment is made. A defined benefits plan shifts the risk to the employee as to whether the pension funds will grow to provide for a reasonable pension payment upon retirement. In the short run, a firm does not have to be profitable in order to repay its debts so long as cash flow is positive and/or liquidity is adequate. A lease is a contractual agreement by which the owner of an asset (lessee) grants the use of his property to another party (lessor) under certain conditions for a specified period of time. Title remains with the lessee; possession/ control passes to the lessor. An operating lease is more permanent in nature and not normally cancellable unless mutually agreed upon. This lease is similiar to purchasing the asset in that the rental payments cover the full cost of the asset plus a desired rate of return. A problem with the asset turnover ratio is that it measures only the efficiency of the firm in producing net sales and not net profit. For three consecutive years a firm's ROA has been 10%. Since ROA has remained constant, we can naturally assume that both the asset turnover and the net profit margin have remained the same. The cash flow statement is a period statement because 10 represents cash flow over a period of time. Generally speaking, a decrease in an asset account, an increase in a liability, or an increase in an equity account, can be considered a source of funds. Cash flow involved in or resulting from the day-to-day known as Operating Cash Flow. Contributions to equity through the sale of stock would be an example of Financing Cash flow In the event of a liquidation of a firm, pension claims have the status of tax liens, which give them senior claim over other creditors. Profitability is the ability of the firm to generate earnings. From a creditor's perspective, the lower the debt/worth ratio, the better. Accrual accounting recognizes revenue when a cash payment is received and an expense when a cash payment is made. A defined benefits plan shifts the risk to the employee as to whether the pension funds will grow to provide for a reasonable pension payment upon retirement. In the short run, a firm does not have to be profitable in order to repay its debts so long as cash flow is positive and/or liquidity is adequate