Answer:
greater; greater
Explanation:
The greater the percentage of an MNC's business conducted by its foreign subsidiaries, the greater the percentage of a given financial statement item that is susceptible to translation exposure.
Answer:
The current and past missed preferred stock dividend payments must be made before a common stock dividend payment can be made.
Explanation:
Answer:
The journal entries are made as follows;
Explanation:
March 2. Account Receivable-Mcleena Co. Dr.$800,000
Sales Revenue Cr.$800,000
Cost of Goods Sold Dr.$540,000
Inventory Cr.$540,000
March 6. Sales Revenue Dr.$140,000
A/R-Mcleena Co. Cr.$140,000
Inventory Dr.$94,000
Cost of Goods Sold Cr.$94,000
Answer:
$2,500
Explanation:
The computation of the amount of bonus to the old partner is shown below:
But before that first we have to find out the contributed capital which is
= $50,000 + $60,000 + $40,000
= $150,000
Now the interest rate is 25%
So, the capital after considering the interest rate is
= $150,000 × 25%
= $37,500
And, the new partner invested amount is $40,000
So, the amount of the bonus is
= $40,000 - $375,00
= $2,500
