This is the financial process by which a corporation takes partial or total control of foreign assets with the intention of having a long-term presence.

Annual depreciation on equipment, recorded on a monthly basis.

a. Prepaid expense b. Accrued expense c. Unearned revenue d. Accrued revenue e. None of these

The primary goal of not-for-profit corporations generally is expressed in a mission statement and often involves service to the community.

a. true b. false