Some U.S.corporations

question 13

Multiple Choice

Some U.S.corporations:

• A)Relocate their operations overseas in order to avoid paying taxes.
• B)Replace American workers with low wage workers in other countries in order to increase profits.
• C)Increase profits by lowering anti-pollution standards.
• D)All of these choices.

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Definitions:

Capital in Excess

Funds that exceed the par value of issued stock, often referred to as additional paid-in capital or share premium.

U.S.GAAP

United States Generally Accepted Accounting Principles, a collection of rules and guidelines designed to improve and standardize accounting practices.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired and put into use.

Balance Sheet

A financial statement that provides a snapshot of a company’s financial condition at a specific time, including assets, liabilities, and shareholders' equity.