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
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter24: Recording International And Internet Sales
Section: Chapter Questions
Problem 1ANFS
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