A quota is a quantitative limit on the amount of a product that can be traded

Which of the following factors constrains the globalization of markets?

A. Differences in technical standards B. Uniform standard of living C. Cosmopolitan tastes and preferences D. Market segments that transcend national borders E. Convergence of cultures

Larry's Liquor acquired the net assets of Drake's Drinks in exchange for cash. The acquisition price exceeds the fair value of the net assets acquired

How should Larry's Liquor determine the amounts to be reported for the plant and equipment, and for long-term debt of the acquired Drake's Drinks? Plant and Equipment Long-Term Debt a. Fair value Drake's carrying amount b. Fair value Fair value c. Drake's carrying amount Fair value d. Drake's carrying amount Drake's carrying amount