When the terms are FOB shipping point, the title passes at the point of origin and the buyer pays the transportation costs
Indicate whether the statement is true or false
True
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Which American companies are participating in international trade as never before?
a. fortune 500 companies b. smaller companies c. medium-sized companies d. smaller and medium-sized companies
Camp Corporation purchased 8,000 shares of Tent Corporation common stock for $80 per share on January 1, 2014. Tent reported net income of $220,000 for 2014 and paid dividends of $90,000 during 2014. As of December 31, 2014, the market value of Tent Corporation common stock was $80 per share. Assuming the shares owned by Camp represent 30 percent of the total outstanding stock of Tent, the entry
to record the recognition of income by Camp Corporation is: A) Cash 66,000 Dividend Income 66,000 B) Investment in Tent Corporation 220,000 Income, Tent Corporation Investment 220,000 C) Investment in Tent Corporation 66,000 Income, Tent Corporation Investment 66,000 D) Investment in Camp Corporation 66,000 Cash 66,000
To provide relief from double taxation, Congress allows a foreign-unearned income exclusion for interest and dividends earned in foreign countries.
Answer the following statement true (T) or false (F)
O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal annual, not semiannual yield to maturity is 9.25%, they pay interest semiannually, and they sell at a price of $875. What is the bond's nominal coupon interest rate?
A. 6.37% B. 8.76% C. 7.96% D. 6.05% E. 6.69%