Internal failure costs are limited to the costs of repairing defective products that are under warranty
Indicate whether the statement is true or false
false
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The following transactions relate to MicroChip, a manufacturer located in Thailand. Indicate whether each transaction immediately gives rise to an asset of the company under U.S. GAAP and separately, under IFRS. If MicroChip recognizes an asset, state the account title, the amount, and the classification of the asset on the balance sheet as either a current asset or a noncurrent asset. MicroChip
reports its results in millions of baht (Bt). a. MicroChip invests Bt800 million in a government bond. The bond has a maturity value of Bt1,000 million in five years, and MicroChip intends to hold the bond to maturity. b. Two months prior to its year-end, MicroChip pays its insurer Bt240 million to cover annual premiums on its European plants. c. MicroChip pays a developer in another country Bt6 million for an option to purchase a tract of land on which it intends to build a warehouse to serve future markets. The price of the land is Bt450 million. d. MicroChip signs a four-year employment agreement with its chief executive officer for a package valued at Bt17.4 million per year. Of this amount, Bt3.1 million is base salary; the rest is expected bonus and deferred compensation arrangements. The contract period begins next month. e. MicroChip spends Bt80 million on research and development (R&D) related to new, circuitry; 60% of the total amount was spent on pure research, the rest on development. The R&D is successful, and the firm is able to acquire a patent on the new circuitry. The cost of filing the paperwork and other procedures to obtain the patent is Bt0.5 million. f. MicroChip received notice that a component supplier had shipped by freight components invoiced at Bt700 million with payment due in 30 days. The supplier retains title to the components until received by MicroChip.
Retail price competition is generally highest in _____ distribution
a. dual b. exclusive c. intensive d. selective
Intranational diversity management refers to:
a. Managing a diverse workforce of citizens of immigrants within a single national organizational context. b. Employers taking into consideration the legislative and cultural context in other countries, depending on where their workforce resides. c. Managing a workforce composed of citizens and immigrants in different countries. d.Managing a diverse workforce of citizens of immigrants based on the home country where their employing office is located.
Under which of the following circumstances would a court exercise powers conferred by the oppression remedy given in the Canada Business Corporations Act?
A) When the company is being dissolved B) When there is a takeover bid C) When one shareholder has taken advantage of another D) When there is an application to pierce the corporate veil E) In cases where the directors have breached a fiduciary duty owed to the company