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LenaWriter [7]
3 years ago
11

Dividends of a foreign subsidiary are translated : A. the average exchange rate for the year. B. the current exchange rate on th

e date of preparation of the financial statement. C. the exchange rate on the record date.
Business
1 answer:
klemol [59]3 years ago
8 0

Answer:

B) the current exchange rate on the date of preparation of the financial statement.

Explanation:

All foreign asset accounts have to be translated at current rates. This means that they have to use the exchange rate that was valid during the time the financial statements were being prepared.

This same rule applies to anyone that has gone on vacations to a foreign country. When you come back you exchange whatever foreign money you have left to US dollars and this will be done using that day's valid exchange rate.

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A corporation issues 2,000 shares of common stock for $32,000. The stock has a stated value of $12 per share. The journal entry
Bess [88]
The answer is D 2000 x 12
6 0
3 years ago
Suppose that consumers become pessimistic about the future health of the economy and so they cut back on their consumption spend
Doss [256]

Answer:

what will happen to the output is that it will decrease due to less consumers and less money to find production, price levels drop(deflation) so will unemployment increase in the shelter on due to no jobs or money to create

3 0
3 years ago
Star Associates invests mostly in start-ups and it pledges funds in exchange for a stake in the company. What can Star Associate
Serga [27]

Answer:

Star Associates is a venture capitalist.

Explanation:

A venture capital is a type of private equity firm that specializes in investing on early-stage startup companies. In exchange, they would receive a percentage of ownership over the company, depending on how much money they pledged in the funding round that the company held. Many tech entrepreneurs in Silicon Valley and elsewhere in the US receive this form of funding when they just started their company. Each venture capital firm has its own policy on the type of company the usually invest in and the amount that they are willing to pledge.

7 0
3 years ago
Read 2 more answers
The Sullivan family made a bar chart to compare how much they spend on different costs each month.. Sullivan Family Monthly Budg
kogti [31]

Answer:

60%

Explanation:

The answer is 60%

The Sullivan family made a bar chart to compare how much they spend on different costs each month. Sullivan Family Monthly Budget If the family’s net monthly income is $7,800, the percent of the income is spent on food, clothing, and housing is 60 percent.

The percentage is calculated by considering the total income of the family and the various expenses that has been incurred.

 

4 0
4 years ago
Read 2 more answers
As a general rule, the Chinese government allows foreign companies to participate in its market only if those companies agree to
olga_2 [115]

Answer:

C

Explanation:

Lets understand the terms given in simple language, first.

  • Acquisition -- occurs when a company takes control of most or all of another company
  • Licensing -- this is when a company gives permission to another company to manufacture its product, with payment terms
  • Joint venture -- this is when 2 or more businesses jointly put their resources at work to accomplish more business or a specific task
  • Exporting -- business selling their goods to other countries
  • Franchising -- this is when a company gives rights to another to sell their products

In this problem, we see that Chinese companies wants a part of foreign companies when they want to do business in China. That means, both foreign and Chinese company do business together.

We can rule out acquisition, exporting, franchising immediately.

Licensing is rules out as well because they are doing it "TOGETHER", that can mean only "joint venture".

<u>C is the correct choice.</u>

6 0
3 years ago
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