True or False. 1. Procurement of funds is the same as allocation of funds to those in need. 2. Finance is the function in business which is responsible for managing the aspect of the operations that deals with money matters.

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter2: Financial Reporting: Its Conceptual Framework
Section: Chapter Questions
Problem 7GI: What is the Objective: Useful Information about Net Cash Inflows to the Company, and why is it...
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True or False.

1. Procurement of funds is the same as allocation of funds to those in need.

2. Finance is the function in business which is responsible for managing the aspect of the operations that deals with money matters.

3. 

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