If a foreign currency is expected to ____ substantially against the parent's currency, the parent may prefer to ____ the remittance of subsidiary earnings
a. weaken; delay
b. weaken; expedite
c. appreciate; expedite
d. none of the above
b
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Choose the correct word or words in parentheses. Who was sitting (beside, besides) him at the theater?
Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2019. Demers reported common stock of $300,000 and retained earnings of $210,000 on that date. Equipment was undervalued by $30,000 and buildings were undervalued by $40,000, each having a 10-year remaining life. Any excess consideration transferred over fair value was attributed to goodwill with an indefinite life. Based on an annual review, goodwill has not been impaired.Demers earns income and pays dividends as follows: 2019 2020 2021Net income$100,000 $120,000 $130,000 Dividends 40,000 50,000 60,000 ??Assume the initial value method is applied.?How much does Pell record as Income from Demers for the year ended December 31, 2021?
A. $98,400. B. $56,000. C. $97,000. D. $48,000. E. $50,400.
The difference between the UCC requirement of good faith and doctrine of unconscionability is that
a. good faith prohibits shockingly one-sided terms in a contract. b. good faith focuses on the parties' behavior as they perform the contract. c. unconscionability looks at the parties' attempt to carry out the terms of the contract in a reasonable manner. d. unconscionability focuses on whether a party is honest in fact and exercises reasonable commercial standards of fair dealing.