Saved 1 Examine the following summary of the U.S. balance of payments for 2017 (in $ billion) and fill in the blank entries. (Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place.) points Current Account [1] Exports eBook Print [1.1] Goods [1.2] Services [2] Imports [2.1] Goods [2.2] Services Credits $ 2,351.1 1,553.4 797.7 Debits $ -2,903.4 -542.5 [3] Primary income 928.1 -706.4 References [4] Secondary income 154.0 -272.6 Balance on current account Capital Account 24.8 Balance on capital account 24.8 Financial Account [5] Direct investment 354.8 -379.2 [6] Portfolio investment [6.1] Equity securities [6.2] Debt securities 799.2 -609.8 155.7 -166.8 643.5 -419.9 [6.3] Derivatives, net -23.1 [7] Other investment 383.7 -218.5 Balance on financial account 330.2 [8] Statistical discrepancies Overall balance Official Reserve Account $ -1.7 1.7
Saved 1 Examine the following summary of the U.S. balance of payments for 2017 (in $ billion) and fill in the blank entries. (Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place.) points Current Account [1] Exports eBook Print [1.1] Goods [1.2] Services [2] Imports [2.1] Goods [2.2] Services Credits $ 2,351.1 1,553.4 797.7 Debits $ -2,903.4 -542.5 [3] Primary income 928.1 -706.4 References [4] Secondary income 154.0 -272.6 Balance on current account Capital Account 24.8 Balance on capital account 24.8 Financial Account [5] Direct investment 354.8 -379.2 [6] Portfolio investment [6.1] Equity securities [6.2] Debt securities 799.2 -609.8 155.7 -166.8 643.5 -419.9 [6.3] Derivatives, net -23.1 [7] Other investment 383.7 -218.5 Balance on financial account 330.2 [8] Statistical discrepancies Overall balance Official Reserve Account $ -1.7 1.7
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Don't give solution in image format..
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education