What is a subsidy? What are the different types of subsidies?
What will be an ideal response?
A subsidy is a financial contribution made by a government or other public body that confers a benefit on an enterprise, a group of enterprises, or an industry. The different types of subsidies are: (1) prohibited subsidy, (2) actionable subsidy, and (3) nonactionable subsidy.
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Angler Fish Co. factored $540,000 of its accounts receivable to Gause Finance Co. Gause Finance advanced 85% of the factored receivables and charged a 10% commission on the gross amount of the receivables. All conditions for a sale have been met.Required:Prepare the journal entries necessary to record the following: a.The sale of the receivables.b.Sales Returns and Allowances of $2,200 on a factored account.c.The conclusion of the sale agreement when Angler would collect any balance remaining.
What will be an ideal response?
Going to court to resolve a conflict is not a desirable best alternative to a negotiated agreement (BATNA)
Indicate whether the statement is true or false.
Random errors can be defined as those that cannot be explained by the forecast model being used.
Answer the following statement true (T) or false (F)
Discuss the four different elements of the definition of a business report