Mendes Charters Reported the Following Information at December 31, 2015 $\$ 650,000$

question 107

Multiple Choice

Mendes Charters reported the following information at December 31, 2015: Mendes' total contributed capital is

• A) \( \$ 650,000 \)
• B) \( \$ 675,000 \)
• C) \( \$ 1,500,000 \)
• D) \( \$ 625,000 \)

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Definitions:

Country Selection

Asset allocation in which the investor chooses among investments in different countries.

Stock Selection

An active portfolio management technique that focuses on advantageous selection of particular stocks rather than on broad asset allocation choices.

Political Risk

Possibility of the expropriation of assets, changes in tax policy, restrictions on the exchange of foreign currency for domestic currency, or other changes in the business climate of a country.

Expropriation

The act of a government taking privately owned property, usually for public use or in the public interest, potentially with compensation.