As the weakened global economy has slowed, many companies are shifting their sights to include a new target — the so-called "bottom of the economic pyramid."
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TRUE
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For bonds, nominal rate is another term for contract rate
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If a company experiences a liquidation of a LIFO inventory layer in the second quarter that is expected to be restored by the end of the annual financial reporting period, the company should
a. treat the layer as if it were liquidated and include in cost of goods sold the expected replacement cost of the inventory sold. b. deplete the LIFO layer as if the interim period were an annual period. c. change to an alternative inventory cost method, such as FIFO, so that the problem of LIFO liquidation is not encountered. d. delay the recognition of both revenue and cost of goods sold on the inventory involved until a final determination of the LIFO inventory can be made at the end of the annual period.
International rules that have become binding through a pattern of consistent, longstanding behavior are referred to as customary international law
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Which of the following documents are always required in a documentary collection for the sale of goods?
A) The draft, invoice, and bill of lading B) The invoice, bill of lading, and delivery order C) The certificate of origin, insurance policy, and invoice D) The draft, insurance policy, and invoice