The net of investment income from abroad and investment payments to foreigners is called the _____.

a. balance of transfers
b. income balance
c. trade balance
d. financial account
e. services balance


Ans: b. income balance

Business

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Comet Corporation's liability account balances at June 30, 2013 . included a 1 . percent note payable. The note is dated October 1 . 2011, and carried an original principal amount of $600,000 . The note is payable in three equal annual payments of $200,000 plus interest. The first interest and principal payment was made on October 1 . 2012 . In Comet's June 30, 2013 . balance sheet, what amount

should be reported as Interest Payable for this note? a. $10,000 b. $15,000 c. $30,000 d. $45,000

Business

In a lease, the lessee does not acquire title to the leased goods

Indicate whether the statement is true or false

Business

Which of the following is not a right granted to German works councils?

A. Codetermination rights B. Consultation rights C. Majority representation rights D. Information rights

Business

The finite correction factor should be used in the computation of the standard deviation of the sample mean and the standard population when n / N is 

A. greater than 0.05. B. greater than 0.5. C. less than 0.05. D. less than 0.5.

Business