A U.S. corporation investing in a foreign corporation by purchasing stock on a foreign stock
exchange is an example of direct foreign investment.
Indicate whether the statement is true or false
FALSE
You might also like to view...
On January 1, 2016, the Mills Car Repair Company acquired equipment at a cost of $55,000. At that time, the equipment was estimated to have a residual value of $5,000 at the end of an estimated five-year service life. During 2016 and 2017, the company recorded straight-line depreciation on the equipment.
Required: Prepare all the journal entries for 2018 relating to the equipment for each of the following independent situations (ignoring income taxes): ? a. Assume that the company switched to sum-of-the-years'-digits depreciation at the beginning of 2018 with a new estimated remaining life of four years. b. Assume, instead, that at the beginning of 2018, the equipment is determined to have a five-year remaining service life. Straight-line depreciation will still be used. c. Assume, instead, that at the beginning of 2018 the company discovered that it had erroneously ignored the estimated residual value in the computation of its depreciation for 2016 and 2017. What will be an ideal response?
First Bank has discounted a note for Towlez, Inc This is a 9% note with a maturity value of $5,000 for 30 days. The debit to Cash in Towlez's general journal will be in the amount of
a. $5,037.50; b. $5,000.00; c. $4,962.50; d. $37.50; e. none of these
For a group sales presentation, prices should be included in an appendix of the proposal document.
Answer the following statement true (T) or false (F)
Personality refers to
A. a person's consistent behaviors or responses to recurring situations. B. the attitudes that determine how people spend their time and resources and what they consider important. C. the way people see themselves and others. D. those qualities that either attract or repel other members of a person's personal, social, or professional environment. E. the process by which an individual selects, organizes, and interprets information to create a meaningful ideal self.