For the United States, a foreign trade zone (FTZ) is
a. a site within the United States.
b. a site outside the United States.
c. always located in poorer developing countries.
d. is used to discourage trade.
a. a site within the United States.
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Calhoun, Inc purchased equipment at the beginning of 2016 for $180,000 . Calhoun decided to depreciate the equipment over a 5-year period using the double-declining-balance method. Calhoun estimated the equipment's residual value at $30,000 . Which of the following statements is correct concerning Rose's financial statements at December 31, 2016?
a. The book value of the equipment is $108,000. b. The book value of the equipment is $72,000. c. The total accumulated depreciation is $90,000. d. Depreciation expense for 2016 is $60,000.
Which of the following statements does not describe the responsibilities of a company's internal audit staff?
a. Internal auditors ensure that the company's financial statements have been presented fairly. b. Internal auditors focus on the efficiency with which the organization is run. c. Internal auditors help ensure that the company's policies and procedures are followed. d. Internal auditors prepare the report of management to the company's stockholders.
When a company issues bonds, how are unamortized bond discounts and premiums classified on the balance sheet?
a. Bond discounts are classified as assets, and bond premiums are classified as contra-asset accounts. b. Bond discounts are classified as expenses, and bond premiums are classified as revenues. c. Bond premiums are classified as additions to, and bond discounts are classified as deductions from, the face value of bonds. d. None of these are correct.
Describe the opportunities that have evolved in marketing due to the use of digital media.
What will be an ideal response?