_____ receive records of routine business transactions-such as the purchase of raw materials or services, or the sale of manufactured goods.
Fill in the blank(s) with the appropriate word(s).
Accounting ISs
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In March of 2013 . Mars Corp bought 45,000 shares of Elite Corp's listed stock for $450,000 and classified the shares as available-for-sale securities. The market value of these shares had declined to $300,000 by December 31 . 2013 . Mars changed the classification of these shares to trading securities in June of 2014 when the market value of this investment in Elite's stock had risen to $345,000
. How much should Mars include as a loss on transfer of securities in its determination of net income for 2014? a. $0 b. $45,000 c. $105,000 d. $150,000
Which of the following describes the term "passage of risk"?
A. the period given to the seller to rectify nonconforming goods B. a period during shipment when neither buyer nor seller bears the risk of loss C. the period during which the seller is responsible for losses to the goods D. the point in time when the buyer becomes responsible for losses to the goods
Which of the following best describes the direct investment global entry strategy?
A. Direct investment occurs when a firm enters a new market by pooling its resources with those of a local firm to form a new company in which ownership, control, and profits are shared. B. With direct investment, a firm maintains total ownership of its plants, operation facilities, and offices in a foreign country. C. Direct investment refers to depositing payroll funds in a foreign bank. D. Direct investment designates the maximum quantity of a product that may be brought into a country during a specified time period. E. Direct investment occurs when a producer sells its offering in a foreign market at a price less than its production cost.
Suppose that when the temperature is between 35 and 50 degrees, it has historically rained 40% of the time. Also, historically, the month of April has had a temperature between 35 and 50 degrees on 25 days
You have scheduled a golf tournament for April 12. What is the probability that players will experience rain and a temperature between 35 and 50 degrees? A) 0.333 B) 0.400 C) 0.833 D) 1.000 E) 0.480