Dividends received on investments are accounted for in the same way under the cost-adjusted-to-market and the equity methods
Indicate whether the statement is true or false
F
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Explain the difference between an emotion trait and an emotion state.
What will be an ideal response?
Bad debt expense is normally reported on the income statement as a(n)
A) operating expense. B) element of cost of goods sold. C) financial expense in the other items section. D) contra-revenue amount.
Rotan Company purchased a van on January 1, 2018, for $810,000. Estimated life of the van was five years, and its estimated residual value was $98,000. Rotan uses the straight-line method of depreciation. At the beginning of 2020, the company revised the total estimated life of the asset from five years to six years. The estimated residual value remained the same as estimated earlier. Calculate the depreciation expense for 2020.
A) $142,400 B) $131,300 C) $106,800 D) $71,200
Expropriation occurs when a government ________
A) reimburses a foreign company for its assets after taking over the company B) reimburses a foreign company that has lost facilities due to natural causes C) refuses to allow its businesses to engage in exporting D) takes over a foreign operation and provides the seized operation with no reimbursement E) imports more than it exports