Consider the following events: Overseas telecommunication filmmakers for broadcasting TV shows. Morgan Stanley bought...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Consider the following events: • Overseas telecommunication filmmakers for broadcasting TV shows. • Morgan Stanley bought US Treasury Bills worth $1 Billion. A Canadian liquor store LCBO sold ice vine worth $100,000, $30,000 of which was sold to US customers. companies are paying $400,000 to US • A US telecom company bought patents from Nokia (Finland) for $1,000,000. • Wells Fargo received $500,000 in dividends from overseas holdings. • US Government contributed $100,000 to the BIRD foundation sponsoring research at Tel Aviv University. • A senior residing in New York moved to the Orange County and brought the retirement savings worth $700,000. • Crédit Agricole, a major French bank, purchased shares of a US-based pharmaceutical company for $800,000 What is the net of the capital account? Consider the following events: • Overseas telecommunication filmmakers for broadcasting TV shows. • Morgan Stanley bought US Treasury Bills worth $1 Billion. A Canadian liquor store LCBO sold ice vine worth $100,000, $30,000 of which was sold to US customers. companies are paying $400,000 to US • A US telecom company bought patents from Nokia (Finland) for $1,000,000. • Wells Fargo received $500,000 in dividends from overseas holdings. • US Government contributed $100,000 to the BIRD foundation sponsoring research at Tel Aviv University. • A senior residing in New York moved to the Orange County and brought the retirement savings worth $700,000. • Crédit Agricole, a major French bank, purchased shares of a US-based pharmaceutical company for $800,000 What is the net of the capital account?
Expert Answer:
Answer rating: 100% (QA)
ANSWER NET CAPITAL ACCOUNT 1000000 Balance of Payment or also known as Balance of int... View the full answer
Related Book For
Accounting Principles Part 3
ISBN: 978-1118306802
6th Canadian edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
Posted Date:
Students also viewed these accounting questions
-
Consider the following events: Overseas telecommunication filmmakers for broadcasting TV shows. companies are paying $400,000 to US Morgan Stanley bought US Treasury Bills worth $1 Billion. A...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Roger R. and Michelle N. Stewart (ages 45 and 46) are married and live at 641 Cody Way, Casper, WY 82609. Roger is a consulting engineer, and Michelle is a paralegal. They file a joint return and use...
-
Donna is a Malaysian tax resident, working as a manager in the human resource department of a telecommunication company. Her remuneration yearly salary amounted to RM82,860. Her husband, Don service...
-
Write out the equation for the covariance in the returns of two assets, Asset 1 and Asset 2. Using that equation, explain the easiest way for the two asset returns to have a covariance of zero.
-
In analyzing hits by V-1 buzz bombs in World War II, South London was partitioned into 576 regions, each with an area of 0.25 km2. A total of 535 bombs hit the combined area of 576 regions. Assume...
-
For a Markov process define its infinitesimal operator: \[T(t) f\left(X_{s} ight)=\int f(y) p\left(t, X_{s}, y ight) d y=E\left[f\left(X_{t+s} ight) \mid X_{s} ight]\] Show that this operator is a...
-
Sean McNamee was the owner of an accounting firm, W. F. McNamee & Co., LLC (WFM), which he founded and formed in Connecticut as a limited liability company (LLC). For federal tax purposes, an LLC can...
-
Consider a reservoir filled with water of uniform density po and subject to the gravi- tational force. One side of the reservoir is confined by a dam wall of height h and width W, as shown in the...
-
Baer Belly Bikinis, Inc. (BBB) is a small business located in Santa Monica, California. It sells swimwear and related products to specialty stores throughout the United States. It also sells its...
-
Your assistance with Jim retirement planning is requested. Let's say Jim is 25 years old and earns 8.5% (APR) annually in his retirement account. He intends to make a fixed monthly commitment of $...
-
Fill in the blanks: The __________ annotation allows annotations from a superclass to be applied to a subclass, while the __________ annotation determines whether annotations are present in generated...
-
What modifier is used to mark an annotation element as optional? A. optional B. default C. required D. value E. case F. None of the above.
-
What is the result of compiling and running the following application? A. It prints two lines. B. It prints three lines. C. One line of code does not compile. D. Two lines of code do not compile. E....
-
What is the result of the following when called as java Binary.java? A. [] B. [0, 01, 1, 10] C. [0, 01, 10, 1] D. [0, 1, 01, 10] E. The code does not compile. F. The code compiles but throws an...
-
Which statements best describe the result of executing this code? (Choose two.) A. The println() causes one line of output. B. The println() causes two lines of output. C. The println() causes three...
-
The monthly overhead production cost is an assembly equipment depreciation expense of $100,000. The cost allocation basis is the number of machine hours. The expected level of production in a month...
-
In a nonmagnetic medium, E = 50 cos (10 9 t 8x) a y + 40 sin (10 9 t 8x) a z V/m find the dielectric constant r and the corresponding H.
-
Explain what information is included in a statement of retained earnings. In what ways is it similar to a statement of owner's equity and in what ways is it different?
-
Data for Black River Partnership are presented in BE12-2. In BE12-2. R. Black and B. Rivers decide to organize the Black River Partnership. Black contributes $10,000 cash and equipment that...
-
During the year ended December 31, 2014, Rakai Corporation, a public company, had the following transactions in trading investments: Feb. 1 Purchased 575 IBF common shares for $25,300. Mar. 1...
-
In the 1970s, Special Electric Company brokered the sale of crocidolite asbestos, which is the most toxic form of asbestos, to Johns- Manville Corporation. Special Electric never held possession of...
-
On January 2, 2018, The Register, a science and technology news site based in Britain, published an article revealing the existence of two major bugs leaving virtually all computers and smartphones...
-
Plaintiffs W. O. and J. C. Lucy had wanted to purchase Ferguson Farm from the Zehmers for at least eight years. One night, Lucy stopped by the establishment the Zehmers operated and said that he bet...
Study smarter with the SolutionInn App