The table shows an abridged form of the Canada's balance of payments accounts. Place the various international transactions in the corresponding categories. Please note that not all blanks need to be filled and not all transactions need to be placed. Transfers (A) Factor income (B) Payments to foreigners Payments from foreigners Answer Bank a Canadian company makes a payment to a German IT consultancy the Bank of Canada buys $2 billion in euros a Canadian car company buys out a rival domestic manufacturer Sales and purchases of goods and services (C) Current account (A + B + C) Private sales and purchases of assests (D) Official asset sales and purchases (E) Financial account (D + E) an English company purchases a Canadian confectionary manufacturer the profits of a Japanese camera-manufacturing plant operating in Canada. the wages of a Canadian permanently working in Germany an Australian company buys steel from Canada the wages of a Canadian working a three-month contract in Australia a Canadian buys $15,000 of stock in a Spanish company a Canadian working in Saudi Arabia sends $10,000 to his mother
The table shows an abridged form of the Canada's balance of payments accounts. Place the various international transactions in the corresponding categories. Please note that not all blanks need to be filled and not all transactions need to be placed. Transfers (A) Factor income (B) Payments to foreigners Payments from foreigners Answer Bank a Canadian company makes a payment to a German IT consultancy the Bank of Canada buys $2 billion in euros a Canadian car company buys out a rival domestic manufacturer Sales and purchases of goods and services (C) Current account (A + B + C) Private sales and purchases of assests (D) Official asset sales and purchases (E) Financial account (D + E) an English company purchases a Canadian confectionary manufacturer the profits of a Japanese camera-manufacturing plant operating in Canada. the wages of a Canadian permanently working in Germany an Australian company buys steel from Canada the wages of a Canadian working a three-month contract in Australia a Canadian buys $15,000 of stock in a Spanish company a Canadian working in Saudi Arabia sends $10,000 to his mother
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The table shows an abridged form of the Canada's balance of payments accounts. Place the various international
transactions in the corresponding categories. Please note that not all blanks need to be filled and not all transactions need
to be placed.
Transfers (A)
Factor income (B)
Payments
to foreigners
Payments
from foreigners
Answer Bank
a Canadian company makes a payment to a
German IT consultancy
the Bank of Canada buys $2 billion in euros
a Canadian car company buys out a rival
domestic manufacturer
Sales and purchases of
goods and services (C)
Current account
(A + B + C)
Private sales and
purchases of assests (D)
Official asset sales and
purchases (E)
Financial account
(D + E)
an English company purchases a Canadian
confectionary manufacturer
the profits of a Japanese camera-manufacturing
plant operating in Canada.
the wages of a Canadian permanently working
in Germany
an Australian company buys steel from Canada
the wages of a Canadian working a
three-month contract in Australia
a Canadian buys $15,000 of stock in a
Spanish company
a Canadian working in Saudi Arabia sends
$10,000 to his mother
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