In 2010, Mennora Corporation acquired production machinery at a cost of $410,000, which now has a book value of $190,000. The undiscounted cash flows from use of the machinery is $175,000. and it's fair value is $135,000. What amount should Menorrah recognize as a loss on impairment?

An adjusted trial balance a merchandiser is given below

Debit Credit Cash $12,600 Accounts Receivable 2,400 Prepaid Rent 800 Merchandise Inventory 30,000 Accounts Payable $4,200 Salaries Payable 1,000 Notes Payable 800 Common Stock 10,000 Retained Earnings 3,800 Dividends 1,000 Sales Revenue 96,000 Sales Returns and Allowances 1,600 Sales Discounts 400 Cost of Goods Sold 23,000 Salaries Expense 21,000 Rent Expense 14,000 Selling Expense 8,500 Supplies Expense 500 ________ Total $115,800 $115,800 Provide journal entries to close the Income Summary account and the Dividends account. What will be an ideal response

Which of the following statements is true of the Foreign Sovereign Immunities Act (FSIA)?

A) It protects U.S. citizens doing business in foreign nations. B) It protects foreign companies doing business in the United States. C) It protects joint ventures from liability for toxic accidents. D) It protects foreign governments from U.S. judicial review of their public acts.