An international firm considering foreign expansion should take into account that: a) the timing and scale of entry of foreign expansion are minor details in comparison with the choice of foreign market. b) the long-run economic benefits of doing business in a country are solely a function of the country's population size. c) if the firm's core competence is based on proprietary technology, entering a joint venture might risk losing control of that technology. d) the costs and risks associated with foreign expansion are higher in economically advanced nations. e) politically unstable and less developed nations offer favorable benefit-cost-risk trade-off conditions.

Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?