The stock of foreign direct investment refers to:
A. the total accumulated value of foreign-owned assets at a given time.
B. the number of shares of a foreign firm held by the local investors.
C. the amount of FDI undertaken over a given time period (normally a year).
D. the dividend amount paid by the foreign firm to local investors.
E. the flow of foreign direct investment out of a country.
A
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David Justice Company incurred the following expenditures related to the purchase and use of a new building that will be used as the growing company's corporate headquarters in Toronto, Canada
Required: Put an X in the appropriate box to indicate which expenditures should be capitalized and which should be expensed: Expenditure Capitalize Expense $560,000 spent for building materials (wood & brick) $256,000 spent for labor costs $78,000 architect's fee $80,000 rent for equipment used in the construction $52,000 annual utilities costs to operate the building (in use on Feb 8) $90 cost to fix a broken window (June 3) $230 cost to clean a stained rug $3,900 annual janitorial costs to keep the building clean
Property insurance does not take effect until after the application has been accepted by the insurance company even if payment has been made to an agent
a. True b. False