Under the Foreign Sovereign Immunities Act, a foreign state is:
A) immune from all suits in the United States.
B) immune from suits in the United States involving public acts, but not commercial acts.
C) not immune from any type of suit in the United States.
D) None of these.
B
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To be useful for decision making, financial reporting must enable the user to assess cash flow prospects and assess management's stewardship
Indicate whether the statement is true or false
On January 1 of Year 1, Congo Express Airways issued $3,500,000 of 7% bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $3,197,389 and the market rate of interest for similar bonds is 8%. The bond premium or discount is being amortized at a rate of $10,087 every six months.The amount of interest expense recognized by Congo Express Airways on the bond issue in Year 1 would be:
A. $245,000. B. $225,000. C. $265,174. D. $132,500. E. $224,826.
Which of the following should appear within the equity (net position) section of a federal agency balance sheet?
A. Both Net Position - Unexpended Appropriations and Fund Balance with Treasury B. Neither Net Position - Unexpended Appropriations nor Fund Balance with Treasury C. Net Position - Unexpended Appropriations D. Fund Balance with Treasury
When ownership is shared between foreign partners it is known as a:
a. wholly owned subsidiary b. joint subsidiary c. licensing agreement d. foreign partnership e. none of the other choices are correct