The currency exchange mechanism established in 1945 by the Articles of Agreement of the IMF was called the ________
A. gravity model of trade
B. par value system
C. gold exchange standard
D. gold bullion standard
B
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All information under a heading should relate to the heading, but:
A) if the report is written in first person, this is not necessarily so B) fewer than 10 headings is preferred in marketing research studies C) subheadings may divide information into segments D) new headings should not be created just because there is a new topic E) none of the above are true
Garcia Corporation purchased 22,000 shares of Lee Corporation common stock for $80 per share on January 1, 2014. Lee reported net income of $140,000 for 2014 and paid dividends of $90,000 during 2014. As of December 31, 2014, the market value of Lee Corporation common stock was $78 per share. Assuming the shares owned by Orlov represent 10 percent of the total outstanding stock of Lee, the
year-end adjustment entry in Garcia Corporation's books is: A) Cash 44,000 Dividend Income 44,000 B) Cash 44,000 Long-Term Investments 44,000 C) Unrealized Loss on Long-Term Investments 44,000 Allowance to Adjust Long-Term Investments to Market 44,000 D) Loss on Long-Term Investments 44,000 Allowance to Adjust Long-Term Investments to Market 44,000