When a loan is made in a foreign country and where the court system and bankruptcy laws needed to support the enforcement of contracts and loans are missing, it causes a special type of risk called ______________.
Fill in the blank(s) with the appropriate word(s).
country risk
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For companies transacting business across the globe, the identification of common values may be very daunting because culture may have strong influences on the ethical attitudes of business managers.
Answer the following statement true (T) or false (F)
The cost of a nonmonetary asset acquired in exchange for another nonmonetary asset is the fair value of the new asset acquired
Indicate whether the statement is true or false
On June 30, Caroline, Inc. finished Job 750 with total job costs of $4400 and transferred the costs to Finished Goods Inventory. On July 6, Caroline sold goods from Job 750 to a customer for $6000 cash. Which of the following is the correct entry needed to record the revenue earned? Assume the perpetual inventory system is used.
A) debit Finished Goods Inventory $4400 and credit Sales Revenue $4400 B) debit Cash $6000 and credit Sales Revenue $6000 C) debit Sales Revenue $6000 and credit Cash $6000 D) debit Cost of Goods Sold $4400 and credit Sales Revenue $4400
Companies, popular culture, customers, and influencers are forms of brand authors
Indicate whether the statement is true or false