Answer:
True
Explanation:
The actual amount of the decrease in foreign investment is less than 100% therefore, if foreign investment fell by 100%, it would be cut in half. Apparently, a decrease of 200% means that it would be totally eliminated, and a decrease of more than 200% is impossible.The the statement does not mention the initial amount of foreign investment.
Answer:
'Retained income'.
Explanation:
We have been given that Crawford Fishing had a net income of $35,640 in 2017. They decided to pay $3,000 in dividends and keep the rest to help expand their production line.
We know that the net income that remains after paying dividends is known as 'Retained income'.
We also know that retained income can be used to pay off debts or it can be invested into business activities.
Therefore, the profit that Crawford Fishing keep to reinvest in the business is recorded as retained income.
Answer:
a. Karen Meyer's personal records
c. American red cross
Explanation:
The $6,000 contribution should be recorded in Karen Meyer's personal records because 1) the donation was made on her personal name 2) a donation of such size is relevant when Karen files her taxes.
The contribution should also be recorded in the American red cross records because the organization needs to clarify to the tax authorities where each sum of money it obtains comes from.
C. The adjusting entry for accrued interest on a note receivable would include a credit to interest revenue
