Search Qualities ________

question 82

Multiple Choice

Search qualities ________.

• A)are characteristics of a product that the consumer can examine prior to purchase
• B)can be built into a service so consumers can notice them
• C)are characteristics of a service that consumers can touch
• D)A and B
• E)A,B,and C

Learn how to calculate and report exchange gains or losses according to the two-transaction theory.

Identify and calculate the premium or discount on forward exchange contracts.

Understand how to account for and report monetary and non-monetary items in foreign currency transactions.

Recognize different financial instruments used for hedging foreign exchange risk such as currency swaps and forward contracts.

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, usually in the form of cash or stock, representing a share of the corporate profits.

Retained Earnings Account

An equity account on the balance sheet that represents the accumulated net income of a company that has not been distributed to shareholders as dividends.

Net Income

The amount of profit remaining after all expenses, taxes, and costs have been subtracted from total revenue.

Dividends Declared

Profit distributed to shareholders that the company's board of directors has committed to pay out.