When preparing a statement of cash flows using the indirect method, an increase in wages payable is subtracted from net income

The ________ account is credited to adjust for underallocated overhead costs

A) Cost of Goods Sold B) Sales Revenue C) Manufacturing Overhead D) Finished Goods Inventory

Companies like Anheuser-Busch, Corning Glass, and GM have learned a lot by using joint venture as a mode of entry into a foreign market. Some of their experiences are not very positive. What are the disadvantages of joint venturing?

What will be an ideal response?