The Following Is a Valid Recursive Definition to Determine the Factorial

question 13

True/False

The following is a valid recursive definition to determine the factorial of a non-negative integer.
0! = 1
1! = 1
n! = n * (n - 1)! if n > 0

---

Definitions:

Net Debt

The amount obtained by subtracting a company's total liabilities from its liquid assets.

Amortization Expense

The periodic expense recognized in the financial statements as the cost of an intangible asset is systematically allocated over its useful life.

Statement Of Cash Flows

A financial report that summarizes the amount of cash and cash equivalents entering and leaving a company.

Direct Method

A cash flow statement presentation method that enumerates major categories of gross cash receipts and payments.