FASB Standard No. 52 mandates that U.S.-based companies must translate their foreign-currency-denominated assets and liabilities into dollars using the ________.
A) historical rate
B) current rate
C) average rate
D) rate prescribed by the SEC
B) current rate
Business
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The percentage representing what a company earned from its assets is called __________.
Fill in the blank(s) with the appropriate word(s).
Business
Which of the following is correct?
a. A copyright can be renewed once it expires. b. A patent can be renewed once it expires. c. A trademark can be renewed as long as the mark is still in use. d. Copyrights, patents and trademarks are not renewable.
Business
A note is a debt security that has an original maturity of five years or less
Indicate whether the statement is true or false
Business
Google and eBay have similar core competencies
Indicate whether the statement is true or false
Business