Answer:
c) Inventory (beginning) and Purchases.
Explanation:
When you use perpetual inventory system, you must record cost of goods sold every time you make a sale. But when you use a periodic inventory system, you close cost of goods sold with merchandise inventory account at the end of the period.
beginning inventory + purchases - ending inventory = cost of goods sold
Answer:
The correct answer is b.weights should be assigned to the political and financial factors according to their perceived importance.
Explanation:
The determination of risk certifications that are taken into account for investment in a country, takes into account fundamental factors that ensure a sustained and less restrictive operation over time, which is directly related to the decisions made by politicians and banks already which are the sectors directly involved in an investment decision. Other important factors are usually located in citizen security, access to ports and airports, etc.
In a case whereby China and india require that when foreign firms enter into joint ventures with local firms, the local partners must have the controlling ownership stake, and this illustrate a Local content law.
<h3>What is Local content law?</h3>
Local content law can be described as the law that measure the local content requirements and they are policies imposed by governments that make the firms to use domestically-manufactured goods.
Hence , in the In a case whereby China and india require that when foreign firms enter into joint ventures with local firms, the local partners must have the controlling ownership stake, and this illustrate a Local content law.
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Answer:
D) $3,000
Explanation:
Calculation to calculate determine Sybil's tax basis in the stock received in the exchange
Tax basis $5,000
Add recognized gain $1,000
($6,000-$5,000)
Less boot received ($2,000)
Less liability ($1,000)
Sybil's tax basis $3,000
Therefore Sybil's tax basis in the stock received in the exchange will be $3,000
