If a Positive Change in Gross Fixed Assets Is Greater

question 111

True/False

If a positive change in gross fixed assets is greater than the change in accumulated depreciation for a particular year,net fixed assets increase and this constitutes a source of funds.

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Definitions:

Nationalization

The act of bringing a private sector entity under the control of the government, usually in key industries considered vital to national interests.

Bill of Rights

The initial ten amendments ratified in 1791 to the U.S. Constitution, ensuring rights including freedom of speech, assembly, and religion.

Fourteenth Amendment

An amendment to the U.S. Constitution granting citizenship to all persons born or naturalized in the United States and protecting civil rights.

Ex Post Facto Laws

Laws that retroactively change the legal status of actions that were committed before the enactment of the law, prohibited by the U.S. Constitution.