Answer:
True
Explanation:
In record keeping using the filling method, it is done in-order to keep track of all the important documents and information regarding to the company. <em>This record keeping system could employ the manual method or writing with hand or the electronic method of storing such information using the computer or other electronic device.</em>
"You can depend on Depends."
Answer:
Foreign exchange risk
Explanation:
These are the risks that an international financial transaction could accrue because of fluctuations in the currency.
A standard measure of the risk per unit of return and this type of risk relates to fluctuations in exchange rates.
Therefore, according to the following descriptions, the type of risk or term being described is Foreign exchange risk.
Answer:
$42,000
Explanation:
The computation of the loss to be reported is shown below:
As there are finance charge of 3% and retains 5% so the total percentage of loss is 8%
And, the carrying amount os $700,000
So, the loss i.e. to be reported is
= Carrying amount × total percentage of loss
= $700,000 × 8%
= $42,000
hence, the loss is $42,000
Answer:
C. As there is no external influence other than just tax and the government changing it.
Explanation:
