Companies such as GM, GE, and Motorola have facilities in China and India mainly because of the ______.
a. tax incentives
b. well-established Infrastructure
c. lower labor costs
d. availability of natural resources
c. lower labor costs
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Two main accounting principles used in accrual accounting are expense recognition and full closure.
Answer the following statement true (T) or false (F)
What were the major effects of SFAS No. 106 on reporting for post-retirement benefits other than pensions?
What will be an ideal response?
Directors and officers must subordinate the welfare of the corporation to their personal interests.
Answer the following statement true (T) or false (F)
Which of the following statements is true of trade credit?
A. It is also called a revolving credit agreement. B. It is a requirement lenders impose on borrowers as a condition of loans. C. It is granted by suppliers after evaluating the creditworthiness of a firm. D. It is the part of a firm's net income that the firm reinvests.