FIs typically are concerned about the value at risk of their trading portfolios.

Up-a-Creek, Inc., needed some long-term financing and arranged for a 6-year, $60,000, 12% mortgage loan on January 1, Year 1. Annual payments of $14,594 will be made on December 31 each year. For each item, select the amount as of or for the Year Ended December 31, Year 1, in the column of the one financial statement where each amount is found. What is Payment of interest?

A. $(14,594); Statement of Cash Flows (financing activities section) B. $(7,200); Income Statement C. $52,606; Balance Sheet D. $(7,200); Statement of Cash Flows (operating activities section) E. $45,406; Balance Sheet F. $(7,394); Statement of Cash Flows (financing activities section) G. $60,000; Balance Sheet H. $(7,394); Income Statement I. $(14,594); Income Statement

Coca-Cola sold its drinks in Russia for years in exchange for vodka. This is an example of a(n) ________

A) joint venture B) direct investment C) countertrade D) import quota E) licensing agreement