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Indicate whether the statement is true or false.
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Pfizer, Merck, Novartis, and other pharmaceutical companies have little choice but to engage in global marketing since:
A) there is little demand for their products in home countries. B) their research centers are located overseas. C) no single market is large enough to recover costs incurred in research. D) there is more demand overseas for their products. E) technology is not available in home countries.
The financial statement that summarizes the operating, investing, and financing activities of a business over a period of time is the ___________________________________
Fill in the blank(s) with correct word
Short-term investments ________.
A) are debt and equity securities that the investor expects to hold for more than a year B) are investments in debt securities or equity securities in which the investor holds less than 50 percent of the voting stock and that the investor plans to sell two years after the balance sheet date C) are investments in debt and equity securities that are readily marketable and that the investor intends to convert to cash within one year D) are investments in debt securities that the investor intends to hold until maturity
Rodriguez and Ying start a partnership on July 1, 2019. Rodriguez contributes $4100 cash, furniture with a current market value of $47,000, accounts payable with a current market value of $16,000 and equipment with a current market value of $23,000. Which of the following is the correct journal entry to record Rodriguez's partnership investment?