Describe how the following transactions would affect U. S. exports, imports, and net exports: Students in Prague flock to see the latest movie from Hollywood. Mrs. Jones in Philadelphia buys a new Volvo. The student bookstore at Oxford University in England sells a copy of a U. S. printed/authored textbook A Canadian citizen shops at a store in northern Vermont to avoid Canadian sales taxes. An American art professor spends the summer touring museums in Europe.

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

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On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?