When evaluating capital expenditure proposals, management planning must involve the allocation of available financial resources for projects that promise to reap returns in the future. This applies only to for-profit organizations, as not-for-profit organizations do not have to be concerned about such issues.

a. True
b. False

Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.