Corporate Restructuring Can Include Such Actions as Realigning Divisions in the Firm,reducing

question 2

True/False

Corporate restructuring can include such actions as realigning divisions in the firm,reducing the amount of cash under the discretion of senior executives,and acquiring or divesting business units.

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Definitions:

Cash Payment

Cash Payment involves the transfer of cash from one party to another as a form of settlement of a transaction or an obligation.

Voucher

A document that acts as evidence of a financial transaction, authorizing payment or receipt of money.

Accounts Payable

Financial obligations or debts owed by a business to its suppliers or creditors for goods and services received.

Cash Payments Journal

An accounting journal used to record all cash payments, including expenses and creditor payments.