(TRUE or FALSE?) Short-term liabilities include debt instruments payable beyond one year as well as other short-term obligations of the firm.

Group of answer choices

True

False

(TRUE or FALSE?) The treasury stock account represents stock that the firm has sold to bondholders.

Group of answer choices

True

False

(TRUE or FALSE?) Depreciation affects the balance sheet through the accumulated depreciation account.

Group of answer choices

True

False

(TRUE or FALSE?) A decrease in accounts payable is a source of cash.

Group of answer choices

True

False

(TRUE or FALSE?) Total Stockholder's equity = Total assets Total liabilities.

Group of answer choices

True

False