The tendency toward an international integration of goods, technology, information, labor, and capital, or the process of making this integration happen, is referred to as economic globalization.

Sarduchi Imports owes Radnor S&L $50 million under an 8% note with three years remaining to maturity. Due to financial difficulties of Sarduchi, the previous year's interest ($4 million) was not received. Radnor believes that the present value of all amounts it eventually will collect from Sarduchi is $25 million.Required: Compute the credit loss that the bank would record, and prepare a journal entry to record the credit loss as bad debt expense.

a. $9 million b. $13 million c. $29 million d. $41 million e. None of the above

Fred's company has recently sold its resin-producing plant to a business in India. As part of the sales price, his company agrees to accept as partial payment the production of the resin at an agreed upon price for six years

This is an example of what type of countertrade?