If a country has a capital account ________, it is ________ net foreign assets
A) deficit, acquiring
B) deficit, losing
C) surplus, acquiring
D) surplus, in equilibrium as far as its
Answer: A
You might also like to view...
Which of the following errors will cause a trial balance to be out of balance?
a. The bookkeeper forgot to journalize a transaction. b. The bookkeeper forgot to post a journal entry to the ledger. c. A credit was posted to an account as a debit. d. A debit to Office Equipment was incorrectly debited to Office Supplies.
Point-of-sale systems permit customers to charge items to a charge account at a bank
a. True b. False Indicate whether the statement is true or false
When determining the after-tax cost of a bond, the face value of the issue must be adjusted to the net proceeds amounts by considering ________
A) the risks B) the flotation costs C) the approximate returns D) the taxes
Faustina Chemical Corporation manufactures three chemicals (TX14, NJ35, and KS63) from a joint process. The three chemicals are in industrial grade form at the split-off point. They can either be sold at that point or processed further into premium grade. Costs related to each batch of this chemical process is as follows: TX14NJ35KS63Sales value at split-off point$16,000$12,000$5,000Allocated joint costs$6,000$6,000$6,000Sales value after further processing$20,000$18,000$9,000Cost of further processing$5,000$3,000$2,000For which product(s) above would it be more profitable for Faustina to sell at the split-off point rather than process further?
A. TX14 and KS63 only B. TX14 only C. KS63 only D. NJ35 and KS63 only