Answer:
$20,000
Explanation:
Calculation for the amount of retained earnings as of December 31, Year 2.
Using this formula
Retained earnings=Total cash -Notes payable-common stock
Where,
Total cash= $195,000
Notes payable= $90,500
Common stock= $84,500
Let plug in the formula
Retained earnings = $195,000 − $90,500 − $84,500
Retained earnings= $20,000
Therefore the amount of retained earnings as of December 31, Year 2 will be $20,000
Foreign Direct Investment is the international business strategy is generally the most expensive commitment.
<h3>What is Foreign Direct Investment?</h3>
Foreign Direct Investment is the investment of the one company investment to another country. Mostly this type of business is done by the business person to expand their business in multiple countries and establish their portfilio.
Thus, option D is correct.
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The answer is <span>a. attempt to make large payments or bribes to influence policy decisions of foreign governments.</span>
Answer:
Explanation:
Basically there are three types of activities:
1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.
2. Investing activities: It records those activities which include purchase and sale of the fixed assets
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.
So, the items reported or not reported is shown below:
1. $75,000 cost of office equipment - not reported
2. $58,000 accumulated depreciation - not reported
3. $20,200 sales price - investing activities - added
4. $3,200 gain on sale of equipment - operating activities - deducted
Answer:
Finance Learning Corporation
Explanation:
