The amount foreign citizens, firms, and governments invest in a country minus the amount that the country's citizens, firms, and governments invest abroad is
A. the trade balance.
B. the balance on current account.
C. the capital-account balance.
D. the balance on capital and financial account.
Answer: D
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On May 18, Rodriguez Co issued an $84,000, 6%, 120-day note payable on an overdue account payable to WilsonCompany. Assume that the fiscal year of Rodriguez ends on June 30 . Which of the following relationships is true?
a. Rodriguez is the creditor and credits Accounts Receivable b. Wilson is the creditor and debits Accounts Receivable c. Wilson is the borrower and credits Accounts Payable d. Rodriguez is the borrower and debits Accounts Payable
A purchasing system that employs electronic data interchange does not use a purchase order
Indicate whether the statement is true or false
U.S. GAAP and IFRS require separate income statement display of income from continuing operations and _____earnings that will not continue because the firm either sold, or made a decision to sell, a portion of its business). Such a requirement aids users of the income statement in predicting future earnings
a. income from discontinued operations b. extraordinary items c. changes in accounting principles d. sale of individual assets e. none of the above
Which sentence is punctuated correctly?
A) Susan wondered whether she should apply for the job? B) Susan asked whether she should apply for the job? C) Should Susan apply for the job?