. The double-entry principle in the balance-of-payments ow will the following transactions affect the U.S. balance-of-payments? or each transaction in the following table, indicate in which U.S. account it appears as a credit and in which account it appe Capital pit. Transaction Account with Credit Ac D Current A Saudi Arabian oil company purchases $1 million worth of U.S. government bonds from a U.S. bank, paying from its account held with the bank. Financial A foreign owner of Microsoft (U.S. company) shares receives $8,000 in dividend payments, which are paid into a New York bank. A U.S. computer manufacturer purchases hard drives from a South Korean company,
. The double-entry principle in the balance-of-payments ow will the following transactions affect the U.S. balance-of-payments? or each transaction in the following table, indicate in which U.S. account it appears as a credit and in which account it appe Capital pit. Transaction Account with Credit Ac D Current A Saudi Arabian oil company purchases $1 million worth of U.S. government bonds from a U.S. bank, paying from its account held with the bank. Financial A foreign owner of Microsoft (U.S. company) shares receives $8,000 in dividend payments, which are paid into a New York bank. A U.S. computer manufacturer purchases hard drives from a South Korean company,
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:1. The double-entry principle in the balance-of-payments
How will the following transactions affect the U.S. balance-of-payments?
For each transaction in the following table, indicate in which U.S. account it appears as a credit and in which account it appe
Capital
bit.
Transaction
Account with Credit Ac
Debit
Current
A Saudi Arabian oil company purchases $1 million worth of U.S. government bonds from a
U.S. bank, paying from its account held with the bank.
Financial
A foreign owner of Microsoft (U.S. company) shares receives $8,000 in dividend
payments, which are paid into a New York bank.
A U.S. computer manufacturer purchases hard drives from a South Korean company,
paying the funds from its bank account in South Korea.
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