The risk to a U.S. importer with foreign-currency-denominated accounts payable is that the dollar will depreciate

Which of the following is the correct order of preparation of financial statements?

A) Income statement ? statement of retained earnings ? balance sheet ? statement of cash flows B) Statement of retained earnings ? balance sheet ? income statement ? statement of cash flows C) Balance sheet ? statement of retained earnings ? income statement ? statement of cash flows D) Balance sheet ? income statement ? statement of retained earnings ? statement of cash flows

Top executives at Company A+, a U.S. consulting firm, are debating whether or not to expand into a country with a great deal of violence by staffing it mostly with U.S. personnel. A vice president of the company argues that they should forgo sending employees there because of the high risk of kidnappings in the region. Which of the following BEST supports the vice president’s position?

a. There is a high correlation between violence and life-threatening natural disasters. b. Violence is a harbinger of additional risks that affect operations negatively. c. Local personnel are immune from violence and are capable of filling positions. d. was in the past.