All of the following are true about an American Depository Receipt EXCEPT:
A) the depositary bank converts all dividends and other payments into U.S. dollars.
B) there are no custodial fees.
C) shares are held in custody by a U.S. depository bank.
D) it represents a specific number of shares in the home market.
Answer: B
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Answer the following statements true (T) or false (F)
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The holder, or payee, of a dishonored note should transfer the total amount due, including interest income, from Notes Receivable to an individual account receivable for the debtor
Indicate whether the statement is true or false
Which of the following is/are true regarding the fair value of long-lived assets?
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The budget procedures used by a large manufacturer of automobiles would probably not differ from those used by a small manufacturer of paper products
Indicate whether the statement is true or false