Luis is a partner in a firm that specializes in producing vitamins and health food products. while the business is considered small by canadian standards, he is attempting to persuade his partner to expand internationally. luis would list all of the following as advantages of going international except: a)exporting can sell excess inventory. b)marketing programs benefit from the cultural similarities in prospective markets. c)expanding internationally can reduce a firm's dependence on their domestic market. d)selling your products in other markets can extend their life cycle

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?