Which of the following would NOT induce the U.S. demand curve for foreign exchange to shift backward to the left?
a. worsening American tastes for goods produced overseas
b. decreasing interest rates in the U.S. compared to those overseas
c. a fall in the level of U.S. income
d. a depreciation in the U.S. dollar against foreign currencies
d. a depreciation in the U.S. dollar against foreign currencies
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A major difference between accounting for pension plans and accounting for other postretirement benefit plans is that:
A. postretirement benefit plans other than pensions do not create a liability to be shown on the plan sponsor's balance sheet. B. postretirement benefit plans other than pensions are not required to be funded. C. there is no accumulated postretirement benefit obligation for other postretirement plans other than pensions D. postretirement benefit plans other than pensions do not deduct the return on plan assets when funded.
Job order costing would be appropriate for companies that produce custom homes and specialized equipment.
Answer the following statement true (T) or false (F)
Melanie, a U.S. citizen living in Paris, France, for the last three years, earns a salary of $125,000 in 2018. Melanie's housing costs are $24,000 per year, which is reasonable. How much can Melanie exclude from income?
A. $128,100 B. $120,524 C. $149,000 D. $111,276
The most recent comparative balance sheet of Giacomelli Corporation appears below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Current assets: Cash and cash equivalents$37,000 $29,000 Accounts receivable 20,000 24,000 Inventory 65,000 61,000 Prepaid expenses 5,000 7,000 Total current assets 127,000 121,000 Property, plant, and equipment 424,000 399,000 Less accumulated depreciation 231,000 200,000 Net property, plant, and equipment 193,000 199,000 Total assets$ 320,000 $ 320,000 Liabilities and stockholders' equity: Current liabilities: Accounts payable$19,000 $17,000 Accrued liabilities 58,000 51,000 Income taxes payable 47,000 42,000 Total
current liabilities 124,000 110,000 Bonds payable 77,000 80,000 Total liabilities 201,000 190,000 Stockholders' equity: Common stock 31,000 30,000 Retained earnings 88,000 100,000 Total stockholders' equity 119,000 130,000 Total liabilities and stockholders' equity$ 320,000 $ 320,000 The company uses the indirect method to construct the operating activities section of its statement of cash flows.Which of the following is correct regarding the operating activities section of the statement of cash flows? A. The change in Accounts Payable will be subtracted from net income; The change in Accrued Liabilities will be subtracted from net income B. The change in Accounts Payable will be added to net income; The change in Accrued Liabilities will be subtracted from net income C. The change in Accounts Payable will be added to net income; The change in Accrued Liabilities will be added to net income D. The change in Accounts Payable will be subtracted from net income; The change in Accrued Liabilities will be added to net income