Describe the Strategies That Might Be Used by Multinational Corporations

question 48

Essay

Describe the strategies that might be used by multinational corporations to cope with the growing threat of product piracy.What are your feelings about purchasing pirated products? Give a brief illustration.

---

Definitions:

Accrued Revenues

Revenues earned in an accounting period that have not yet been received in cash or recorded at the statement date.

Unearned Rent

Income received for rent before the rental period has occurred, classified as a liability until the services (rental period) are performed.

Accrued Salaries

Salaries that have been earned by employees but have not yet been paid by the employer, recognized as a liability on the balance sheet.

Journal Entry

A record in the books of accounts that documents a business transaction in terms of debits and credits.