Demand Deposits Are Another Term for Checking Accounts

question 58

True/False

Demand deposits are another term for checking accounts.

Analyze changes in balance sheet accounts to prepare the cash flows from operating activities section of a statement of cash flows.

Interpret the effect of changes in accounts receivable, accounts payable, and inventory on cash flows.

Understand the accounting treatment for sale and purchase of bond investments.

Recognize the impact of stock ownership percentages on income recognition and consolidation.

---

Definitions:

Calorimeter

A calorimeter is a device used in the measurement of the heat of chemical reactions or physical changes, as well as heat capacity.

Calorimeter

An instrument used to measure the amount of heat involved in chemical reactions or physical changes.

Calorimeter

An instrument used for measuring the amount of heat involved in a chemical reaction or other processes.

Crude Oil

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, a primary source of energy.