18-The accountant’s definition of working capital is the same as the definition often used in finance. True b. False 19-In most cases, U.

18-The accountant’s definition of working capital is the same as the definition often used in finance.

 a. True

 b. False

19-In most cases, U.S. GAAP requires firms to allocate the full issue price of Convertible Bonds or Convertible Preferred Stock

a. to the bonds or preferred stock and the conversion feature based on fair values.