Monty Enterprises, a subsidiary of Kerry Company based in Delaware, reported the following information at the end of its first year of operations (all in British pounds): assets--483,000; expenses--360,000; liabilities--105,000; capital stock--90,000, revenues--648,000 . Relevant exchange rates are as follows: On date subsidiary stock was purchased ................ $2.07 Average rate for the year
............................. 1.86 At year end ........................................... 1.82 As a result of the translation process, what amount is recorded on the financial statements as the translation adjustment?
a. $34,020 debit adjustment
b. $34,020 credit adjustment
c. $11,520 debit adjustment
d. $11,520 credit adjustment
A
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A. sociological jurisprudence B. legal reasoning C. analytical reasoning D. legal positivism
When examining culture as shared values, the individualism/collectivism dimension describes
A. the extent to which the society is organized around individuals or the group. B. the extent to which cultures hold values that were traditionally perceived as masculine or feminine. C. the extent to which a culture programs its members to feel either uncomfortable or comfortable in unstructured situations. D. the extent to which the less powerful members of organizations and institutions accept and expect that power is distributed unequally.
Waddock and Bodwell developed the Total Responsibility Management concept based on Deming’s TQM. Which of the following is not one of the elements?
a. Inspiration process b. Integration process c. Involvement process d. Innovation and improvement process
A legally astute manager would wait as long as possible to consult legal counsel once a problem arises in order to keep legal fees to a minimum
a. True b. False Indicate whether the statement is true or false