All categories

3 years ago

When Japan exports goods to the United States, which Country shows a balance of payments credit

1 answer:

6 0

I believe the answer is Japan
A balance of payment will be recorded as credit if the recorder is in the position who receive the revenue from the transaction.
This means that Japan will record the balance of payment as credit while putting cash or receivables in Debit.

You might be interested in

The term posting means: Entering transactions in a book of original entry Transferring debit and credit amount from the journal

VARVARA [1.3K]

Answer: Transferring debit and credit amount from the journal to the ledger.

Explanation:

Posting in Accounting refers to the process of transferring debit and credit amounts from the books of original entry i.e the journals, to the relevant general ledger.

Posting to the general ledger is the third step in the Accounting Cycle and as such is very important in determining the balances to put into the Unadjusted Trial balance.

5 0

2 years ago

Alice purchases a rental house on August 22, 2017, for a cost of $174,000. Of this amount, $100,000 is considered to be allocabl

sergij07 [2.7K]

Answer:

correct option is c. $1,364

Explanation:

given data

purchases house = $174,000

cost of the home = $100,000

cost of the land = $74,000

solution

we know that here MACRS depreciation deduction is here on the $100000

because home only residential real property

and land is not depreciated assets

so here depreciation rate is 1.364 %

so that maximum depreciation deduction allowed is = $100,000 × 1.364

maximum depreciation deduction allowed = 1364

so correct option is c. $1,364

3 0

3 years ago

Edwin is a consultant working for a large engineering firm. He travels to visit clients and uses his laptop and a smartphone to

pychu [463]

Answer:

Mobile user.

Explanation:

A mobile user can be defined as a person that has access to relevant software through mobile device such as laptops, tablets, or mobile phones. They also communicate using mobile devices like smart phones or laptop over the internet.

Edwin is using the mobile user method in doing his job. He uses his laptop and phone to communicate bwith clients and his office. The laptop is used to handle work through business related software he has installed.

3 0

3 years ago

An automated assembly robot that cost $400,000 has a depreciable life of 5 years with a $100,000 salvage value. The MACRS deprec

oksian1 [2.3K]

Answer:

Book Value at end of year 6 = $100,000

Explanation:

An Asset is depreciated to salvage value therefore when depreciation is complete the book value equals salvage value or zero.

Salvage value is an estimated value of what the company expects to earn after using the asset maybe when selling off the asset.

6 0

3 years ago

Read 2 more answers

Serene City enacts an ordinance that bans the use of "sound amplifying systems" on public streets. Tyler wants to campaign for a

svp [43]

Available options are:

a. constitutional under the First Amendment.

b. an unconstitutional restriction of speech.

c. necessary to protect national interests.

d. justified by the need to protect individual rights

Answer:

Option A. Constitutional under the First Amendment.

Explanation:

The First Amendment gives several rights to the people of United which includes the freedom of religion, speech, press and filing of the petition in the courts. The court will look into the case whether or not the speech which the Tyler wants to broadcast endangers the security of United States or that the action threatens the rights of the peope (Tyler's supporters broadcast message at mid night within the city).

3 0

3 years ago