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Author Question: When a U.S. subsidiary in another country remits profits back to its parent company in the U.S., the ... (Read 222 times)

vinney12

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on: Jul 7, 2018
When a U.S. subsidiary in another country remits profits back to its parent company in the U.S., the receipt of profits is recorded in the ________.
 
  A) income receipts account and given a plus sign
  B) income receipts account and given a minus sign
  C) income payments account and given a plus sign
  D) income payments account and given a minus sign

Question 2

A ________ is a debt instrument that enables the issuer (borrower) to raise capital by promising to repay the principal along with interest on a specified date (maturity).
 
  A) fronting loan
  B) stock
  C) bond
  D) forward contract


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onowka

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Reply #1 on: Jul 7, 2018
Answer to Question 1

A

Answer to Question 2

C


vinney12

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Reply #2 on: Jul 7, 2018
Thank you :)


onowka

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Reply #3 on: Jul 7, 2018
Happy to help you


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