Answer:
Free trade area.
Explanation:
Free trade area is when participating countries remove barriers to the free flow of goods and services among them but they still maintain their own trade policies against non participating members.
The United States, Mexico and Canada came together to form a free trade area.
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Answer:
Credit to Paid-In Capital from Treasury Stock for $43,200
Explanation:
Based on the information given The entry to record this transaction will include a Credit to Paid-In Capital from Treasury Stock for $43,200 calculated using this formula
Credit to paid-in capital treasury stock=[Number of treasury shares sold × (Selling price of treasury stock - Cost of treasury stock) ]
Let plug in the formula
Credit to paid-in capital treasury stock=[7,200*($19 per share-$13 per share)]
Credit to paid-in capital treasury stock=7,200*$6
Credit to paid-in capital treasury stock=$43,200
It’s used to account for inventory. It record the most recent produced items as sold first. It records how the newest item made is the first to be sold. Last in first out is used during inflation as a way to reduce income tax.
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