Expropriation is when a government seizes the assets of a domestic or foreign company
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: This is a political development that can impact business.
Business
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On January 1, Springfield Corp, accepted a one-year note for $5,000 at 4% from one of its customers
When the note matured on December 31, the customer was unable to pay, and the company treated it as a dishonored note. Prepare the journal entry that Springfield will make to record the dishonored note. What will be an ideal response
Business
An acceptance of an offer must be unqualified.
a. true b. false
Business