A multinational corporation is a company that has its home base in one country but operates in other countries as well. It may have subsidiaries or branches in different countries, all of which operate under the same corporate umbrella and are subject to the laws of their respective host countries. Accruals, deferrals, and adjusting entries are accounting terms that are not related to the definition of multinational corporations.

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A Multinational Is

Question 43

Multiple Choice

A multinational is

A) a company that prepares accruals and deferrals throughout the year as well as yearend.
B) a corporation that has no home country due to operations in several countries.
C) a corporation that has its home in one country but operates under the laws of other countries as well.
D) a type of adjusting entry necessary for companies that trade with corporations in other countries.

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