The answer is Gross National Income or GNI. It is the overall product and services earnings of people inside and outside the country, including businesses. Thus, the overseas earnings of Americans all over the world is also a part of GNI.
Answer:
B
Explanation:
When a company issues shares, ‘cash’ is debited because money has come into the firm (debit means addition). ‘Equity’ is credited however because it is money the business is owing to the business owners (credit means negative)
Equity is always a credit balance when new shares are issued. It means the business is owing more to the business owners.
Note that Equity is a credit balance (in negative position) while Asset is a debit balance (positive)
In our case, we have added more business owners by getting more money to the business to the tune of $100,000. We will therefore credit equity by -$100,000). Since money came in, we also debit cash by adding an equivalent +$100,000.
The entry is therefore balanced and correct!
Answer:
$21,780
Explanation:
Calculation to determine what Jane's should report interest expense at December 31, 2021, in the amount of:
Interest expense at December 31, 2021=$198,000 x 11% x 12/12
Interest expense at December 31, 2021= $21,780
Therefore Jane's should report interest expense at December 31, 2021, in the amount of: $21,780
Answer:
-$49 billion
Explanation:
The balance on the financial account = capital account balance - current account balance = $1 billion - $50 billion = -$49 billion
The balance of payments (BOP) = current account balance + financial account balance + capital account balance
since BOP is always $0, then:
capital account balance = current account balance + financial account balance
$1 billion = $50 billion - $49 billion
