The Incoterm acronym CIF (named destination port) refers to
What will be an ideal response?
cost insurance freight.
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Purchaser Corporation acquires 30% of the outstanding voting common shares of the Investee Corporation for $600,000 . Purchaser Corporation acquires the investment in Investee Corporation by buying previously issued shares of Investee Corporation from other investors. When Purchaser Corporation acquired 30% of Investee Corporation's common shares for $600,000, Investee Corporation's total
shareholders' equity was $1.5 million. Purchaser Corporation's cost exceeds the carrying value of the net assets acquired by $150,000 [ $600,000 - (0.30 x $1,500,000)]. Purchaser Corporation attributes the $150,000 excess purchase price as follows: $100,000 to remeasure buildings and equipment to fair value and $50,000 to goodwill. Which of the following is/are true? a. Purchaser Corporation does not reclassify this excess out of its Investment in Stock of Investee Corporation account to Buildings and Equipment and to Goodwill. b. Purchaser Corporation must amortize (or depreciate) any amount attributed to assets with limited lives. c. Purchaser Corporation must depreciate the $100,000 attributed to buildings and equipment over their remaining useful lives. d. U.S. GAAP and IFRS do not permit the investor to amortize the excess purchase price attributed to goodwill and other assets with indefinite lives. Instead, the investor must test the investment account annually for possible impairment. e. all of the above
Article I, Section 8, of the U.S. Constitution permits Congress to regulate interstate commerce
a. True b. False Indicate whether the statement is true or false
If a proposal's profitability index is greater than one then the net present value is positive.
Answer the following statement true (T) or false (F)
Business firms in countries with exchange controls, for example, China (mainland), often must surrender foreign exchange earned from exports to the central bank at the daily fixing price
Indicate whether the statement is true or false.