When a USSubsidiary in Another Country Remits Profits Back to Its Parent

question 30

Multiple Choice

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

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Definitions:

CAM

Crassulacean Acid Metabolism, a photosynthetic adaptation in some plants allowing them to conserve water by fixing CO2 at night.

Plants

Multicellular, primarily photosynthetic organisms of the kingdom Plantae, which play a crucial role in the Earth's ecosystems and human agriculture.

Carbon Fixation

The process by which inorganic carbon is converted into organic compounds by living organisms, crucial in the earth's carbon cycle.

Plant Growth

The increase in size or number of cells of plants, influenced by factors such as light, water, nutrients, and genetic characteristics.