A ________ corporation is an enterprise made up of entities in more than one nation, operating under a decision-making system that allows a common strategy and coherent policies.
Fill in the blank(s) with the appropriate word(s).
transnational
A transnational corporation is an enterprise made up of entities in more than one nation, operating under a decision-making system that allows a common strategy and coherent policies.
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A building with a cost of $153,000 and accumulated depreciation of $42,000 was sold for a $11,000 gain. Whenusing the indirect method, the cash generated from this investing activity was $121,000
a. True b. False Indicate whether the statement is true or false
Which of the following is true regarding the deferral of sale profits on a sale-leaseback under IAS 17, "Accounting for Leases?
a. Any profit on a sale-leaseback resulting in an operating lease is deferred and recognized over the subsequent lease period, whereas any loss is recognized immediately. b. Both profits and losses on a sale followed by an operating lease leaseback are recognized immediately if the transaction is established at fair value. c. Profit from the sale should be deferred and amortized in proportion to the amortization of the leased asset if a capital lease results from the sale-leaseback. d. Profit from the sale should be amortized in proportion to the rental payments it an operating lease results from the sale-leaseback.
An example of an external user of accounting information is the federal government
Indicate whether the statement is true or false
Among other things, a well-planned budget
A) forces you to choose among competing activities. B) plans for savings of at least 20% of your after-tax income. C) must include many categories of income and expense items. D) assures a positive savings each month.