When a Canadian Subsidiary in Another Country Remits Profits Back

question 92

Multiple Choice

When a Canadian subsidiary in another country remits profits back to its parent in Canada,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:

Diabetes

A chronic condition characterized by elevated levels of glucose in the blood due to the body's inability to produce enough insulin or effectively use insulin.

Rural Populations

Communities located in non-urban areas that often face unique health care challenges and accessibility issues.

Landmass

A landmass is a large, contiguous area of land that is significantly distinct in terms of geography or geopolitics.

Natural Increase

The growth in population within a specific area, calculated as the difference between the birth rate and the death rate.