MarchTech Corp

question 38

Multiple Choice

MarchTech Corp.is a software company that has its headquarters in Japan.The company has operations in France and India.Japan is the ________ of MarchTech.

• A)receiving country
• B)third country
• C)guest country
• D)host country
• E)parent country

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Definitions:

Production Equipment

Tools or machinery used in the manufacturing process to create products.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life, reflecting its decrease in value over time.

Equipment

Physical assets used in the operation of a business to produce goods or services.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.