Country A has 4000 current account deficit, 2400 worth of net acquisition of assets and 5900 worth
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Question:
Country A has 4000 current account deficit, 2400 worth of net acquisition of assets and 5900 worth of net incurrence of liabilities under financial/capital account. Also, its reserves decreased by 400 during the year. What should be the Net errors and omissions (assuming that there is no capital account)?
Question 6 options:
1)
900
2)
100
3)
-350
4)
-150
Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
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