Charleston corporation operates a branch operation in a foreign country. although this branch operates in euros, the u. s. dollar is its functional currency. thus, a remeasurement is necessary to produce financial information for external reporting purposes. the branch began the year with 532,000 euros in cash and no other assets or liabilities. however, the branch immediately used 351,000 euros to acquire a warehouse. on may 1, it purchased inventory costing 118,000 euros for cash that it sold on july 1 for 185,000 euros cash. the branch transferred 26,000 euros to the parent on october 1 and recorded depreciation on the warehouse of 21,000 euros for the year. currency exchange rates for 1 euro follow: january 1 $1.50 = 1 euro may 1 1.54 = 1 july 1 1.56 = 1 october 1 1.54 = 1 december 31 1.44 = 1 average for the year 1.52 = 1 what is the remeasurement gain or loss to be recognized in the consolidated income statement?

marketing strategies should be established before marketing objectives are decided. t/f

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

Which three of the following expenses can student aid recover? -tuition -television -school supplies -parties and socializing -boarding/housing