Which of the following is true concerning the accounting for a foreign investment under the cost method?
a. Investment income is translated at the exchange rate on the dividend declaration date.
b. Investment income is translated using the average exchange rate for the year
c. Investment income is based on the investee's net income adjusted for the excess of purchase price over book value.
d. Investment income is based on the investee's net income without adjusting for the excess of purchase price over book value.
a
Business
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One of the problems with direct observation is ________, which is when workers alter their normal activities because they are being watched
A) flexibility B) falsification C) reactivity D) diversion
Business
What is the primary benefit to consumers of disintermediation?
A) faster service B) lower costs C) higher quality D) greater choices E) None, disintermediation primarily benefits manufacturers.
Business