Answer:
International firm
Explanation:
An international firm refer to the firms headquartered in United States who make sizable investments outside the United States with multiple profit centers.
A profit center is a unit or department of an organization that incurs costs and generates revenues.
In the given case, Mars, the large candy company has it's headquarters at McLean, Virginia, but has many divisions and operations spread across the world in different countries. Thus, Mars represents an international firm whose investments are spread across different nations with multiple profit centers.
Explanation:
Paper money also called fiat currency is usually not backed up with a physical commodity because it is regulated by the central bank.
It effect the Government creates money supply just by signing out the directives through liquidation. The government thus maintains the value by making it the <em>standard for debt repayment</em>.
For example, the US dollars which is a paper or fiat currency would have no value if was not made a means of payment the Government.
Answer:
C i beleive is the answer
Explanation:
If right please give me brainliest answer
Answer and Explanation:
The journal entries are as follows:
On May 4
Account payable $600
To cash $600
(Being cash paid is recorded)
On May 7
Account receivable $6,500
To service revenue $6,500
(being service on account is recorded)
On May 8
Supplies $800
To Account payable $800
(being supplies purchased on account)
On May 9
Equipment $1,000
To cash $1,000
(being cash paid)
On May 17
Salary expense $500
To cash $500
(being cash paid)
On May 22
Repair expense $800
To Account payable $800
(Being received bill for repairing of an equipment is recorded)
On May 27
Prepaid rent $1,100
To cash $1,100
(Being cash paid is recorded)
Answer:
$950,000
Explanation:
As per IRS section 332, in the case when the parent company received a property when the complete liquidation of subsidiary company is done so the receipts of such property would not recorded either any loss or gain. Also the basis of the parent company assets would be carry over basis.
So here the basis would be $950,000
The same is to be considered
