4. Next let's assume that the Japanese resident uses his $ 1000 to purchase a computer...

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4. Next let's assume that the Japanese resident uses his $ 1000 to purchase a computer from a store in the US and then brings it back to Japan.. The transaction can be recorded by noting the following (for the US): (a) +$1.000 Financial account, -$1.000 Capital account. (b) +$1.000 Financial account, -$1.000 Current account. (c) +$1.000 Current account, -$1.000 Financial account. (d) +$1.000 Financial account, -$1.000 Financial account. (e) +$1.000 Capital account, -$1.000 Financial account. 3. Assume that the US resident uses his 112,000 JPY to purchase a camera from a store in Japan and then brings it back to the US. The transaction can be recorded by noting the following (for the US): (a) +$1.000 Financial account, -$1.000 Capital account. (b) +$1.000 Financial account, -$1.000 Current account. (c) +$1.000 Current account, -$1.000 Financial account. (d) +$1.000 Financial account, -$1.000 Financial account. (e) +$1.000 Capital account, -$1.000 Financial account. 2. Suppose a US resident exchanges $1000 for 112,000 JPY on the foreign ex- change market at a spot exchange rate of 112JPY/$. The transaction can be recorded by noting the following (for the US): (a) +$1.000 Financial account, -$1.000 Capital account. (b) +$1.000 Financial account, -$1.000 Current account. (c) +$1.000 Current account, -$1.000 Financial account. (d) +$1.000 Financial account, -$1.000 Financial account. (e) +$1.000 Capital account, -$1.000 Financial account. Which form of accounting placing less emphasis on precision and more weight on non-monetary data? Both managerial and financial accounting Neither managerial nor financial accounting Managerial accounting Financial accounting 4. Next let's assume that the Japanese resident uses his $ 1000 to purchase a computer from a store in the US and then brings it back to Japan.. The transaction can be recorded by noting the following (for the US): (a) +$1.000 Financial account, -$1.000 Capital account. (b) +$1.000 Financial account, -$1.000 Current account. (c) +$1.000 Current account, -$1.000 Financial account. (d) +$1.000 Financial account, -$1.000 Financial account. (e) +$1.000 Capital account, -$1.000 Financial account. 3. Assume that the US resident uses his 112,000 JPY to purchase a camera from a store in Japan and then brings it back to the US. The transaction can be recorded by noting the following (for the US): (a) +$1.000 Financial account, -$1.000 Capital account. (b) +$1.000 Financial account, -$1.000 Current account. (c) +$1.000 Current account, -$1.000 Financial account. (d) +$1.000 Financial account, -$1.000 Financial account. (e) +$1.000 Capital account, -$1.000 Financial account. 2. Suppose a US resident exchanges $1000 for 112,000 JPY on the foreign ex- change market at a spot exchange rate of 112JPY/$. The transaction can be recorded by noting the following (for the US): (a) +$1.000 Financial account, -$1.000 Capital account. (b) +$1.000 Financial account, -$1.000 Current account. (c) +$1.000 Current account, -$1.000 Financial account. (d) +$1.000 Financial account, -$1.000 Financial account. (e) +$1.000 Capital account, -$1.000 Financial account. Which form of accounting placing less emphasis on precision and more weight on non-monetary data? Both managerial and financial accounting Neither managerial nor financial accounting Managerial accounting Financial accounting

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