Foreign corporations invest in U.S. small businesses through strategic partnerships in order to gain access to new technology, new products, and U.S. markets

A decision tree shows a 30 percent probability of $2 million in returns and a 70 percent chance of $1 million in returns. What is the maximum you would invest today in this project if the cash in-flow occurs one year in the future and the discount rate is 10 percent?

A) $818,182 B) $1,363,636 C) $1,300,000 D) $1,181,818

Refer to Sonic Speaker Company. What is the journal entry to record the current year's tax provision and the liability for the uncertain tax provision?

A) Income Tax Expense 216,600 Income Tax Payable 171,000 Deferred Tax Asset 45,600 B) Income Tax Expense 216,600 Income Tax Payable 171,000 Income Tax Contingency 45,600 C) Income Tax Expense 237,177 Income Tax Payable 171,000 Income Tax Contingency 66,177 D) Income Tax Expense 323.000 Income Tax Payable 323,000