The Merchandise Inventory account balance is $50,000. An physical count of inventory reveals that actual inventory balance is $47,000. Which of the following would be included in the adjusting entry? (Assume a perpetual inventory system.)
A) a $47,000 credit to Merchandise Inventory
B) a $50,000 debit to Cost of Goods Sold
C) a $3,000 credit to Cost of Goods Sold
D) a $3,000 credit to Merchandise Inventory
D
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________ involves issues of translating foreign financial statements into consolidated reports of financial performance of both foreign and domestic operations
A) Translation exposure or accounting exposure B) Business exposure or accounting exposure C) Translation exposure or business exposure D) Transaction exposure or financial exposure
Which of the following is true when dividends are expected?
A. Put-call parity does not hold B. The basic put-call parity formula can be adjusted by subtracting the present value of expected dividends from the stock price C. The basic put-call parity formula can be adjusted by adding the present value of expected dividends to the stock price D. The basic put-call parity formula can be adjusted by subtracting the dividend yield from the interest rate