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melisa1 [442]
3 years ago
15

Concerning the balance of payments statement, the ______ indicates the receipts from exports of goods and services sold overseas

, the payments for imports of goods and services from overseas, unilateral transfers (net), and income receipts and payments (net)
a. ​monetary gold account
b. ​official reserve asset account
c. ​current account
d. ​capital and financial account
Business
1 answer:
krok68 [10]3 years ago
5 0
I am going to say c is the answer
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What is the Federal Reserve System able to do?
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c

Explanation:

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One would expect a sports team who continues to add players to its roster (beyond the minimum required to "field a team") to eve
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Diminishing marginal product of labor.

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James Company began the month of October with inventory of $19,000. The following inventory transactions occurred during the mon
Juli2301 [7.4K]

Answer:

<u>1. Entries using periodic inventory system</u>

October 12

J1

Purchases $28,000 (debit)

Trade Payable$28,000 (credit)

j2

Freight Charges $540 (debit)

Cash $540 (credit)

October 31

Trade Payable $28,000 (debit)

Cash $28,000 (credit)

October 31

Trade Receivable $28,800 (debit)

Revenue $28,800 (credit)

October 31

Inventory $28,100 (debit)

Cost of Goods Sold $28,100 (credit)

<u>2. Entries using periodic inventory system</u>

October 12

J1

Merchandise $28,000 (debit)

Trade Payable$28,000 (credit)

j2

Freight Charges $540 (debit)

Cash $540 (credit)

October 31

Trade Payable $28,000 (debit)

Cash $28,000 (credit)

October 31

J1

Trade Receivable $28,800 (debit)

Revenue $28,800 (credit)

J2

Cost of Sales $18,600 (debit)

Merchandise $18,600 (credit)

October 31

Merchandise $28,100 (debit)

Cost of Goods Sold $28,100 (credit)

Explanation:

<u>1. Entries using periodic inventory system</u>

With periodic system, inventory valuation is done at end of a specific period.

<u>2. Entries using periodic inventory system</u>

Perpetual system is the method of recalculating the value of goods held after each transaction

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3 years ago
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