Debit is abbreviated as DE and Credit is abbreviated as CR.
a. true
b. false
Answer: b. false
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Which of the following will be accomplished by potential exporters who are involved in studying import statistics?
A) evaluating the political risk of different markets B) estimating the profitability of domestic sales C) predicting the culture risk of an emerging market D) assessing a market's viability for accepting new sales
An Internal Service Fund had investments with an original cost of $100,000 . As of the end of the fiscal year, the fair market value on these investments was $85,000 . The Internal Service Fund would
A. Report expenses of $15,000. B. Report a reduction of revenue of $15,000. C. Not adjust the value of the investments reported on the balance sheet. D. Report a loss on investments of $15,000.