The__________is a trade agreement that has dramatically lowered trade barriers worldwide and also created the World Trade Organization
Fill in the blanks with correct word.
ANSWER: Uruguay Round
The Uruguay Round is a trade agreement that has dramatically lowered trade barriers worldwide and also created the World Trade Organization. It is the most ambitious global trade agreement ever negotiated.
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Upon review of Young's Garden Center statement of cash flows, the following was noted: Cash flows from operating activities $ 15,000 Cash flows from investing activities 80,000 Cash flows from financing activities (60,000) From this information, the most likely explanation is that Young's is
a. using cash from operations and selling long-term assets to pay back debt. b. using cash from operations and borrowing to purchase long-term assets. c. using its profits to expand growth. d. using cash from investors to provide for operations
An involuntary bailee:
A. cannot divest himself of the property in any circumstances. B. has no duty to return the return the property to the owner. C. cannot assume control of the property in any circumstances. D. does not have the right to destroy the property or to use it.
Jed sells an office building during the current year for $800,000. The building was purchased in 1980 for $350,000. Jed had depreciated the building under an accelerated method, but it is now fully depreciated. Jed has never had any other Sec. 1231 transactions.a.What is the recognized gain or loss on the sale of the building and the character of the gain?b.How will the gain be taxed?c.Assume the building was purchased in 1981 and depreciated under ACRS. How will the gain be taxed?
What will be an ideal response?
Which is the best description of the cost of production report?
A) The production report provides information about the manufacturing costs incurred by the department. B) The report provides information about the physical units processed by the department. C) The production report is the document that summarizes the manufacturing activity that takes place in a process department for a given period of time. D) none of these answers