Lack of trust in international trade is exacerbated by the distance between the two parties in space, language, and culture
Indicate whether the statement is true or false.
TRUE
The lack of trust between firms engaged in international trade is exacerbated by the distance between the two parties—in space, language, and culture—and by the problems of using an underdeveloped international legal system to enforce contractual obligations
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When preparing the statement of cash flows using the indirect method, the sale of marketable securities would appear as
a. a use of cash in the investing activities section b. a source of cash in the investing activities section c. a use of cash in the financing activities section d. a source of cash in the financing activities section
Which of the following is an illustration of the classification issue?
a. At what amount should an old machine be shown on the balance sheet? b. At what point should the purchase of art supplies be recorded? c. Should tools be recorded as an asset or as an expense? d. At what point should a bill be paid for the purchase of an item?