Answer: -$500,000,000
Explanation:
The Balance of payment is an account that shows the difference between the money coming into a country as a result of transactions with other nations and money going out for the same reason.
Given the figures in the question, the Balance of Payments is;
= Current Account balance + Nonreserve financial account balance
= -1,000,000,000 + 500,000,000
= -$500,000,000
Answer:
Accrual basis accounting
Explanation:
Under Accrual basis of accounting, income is recognized when it is earned and not when actual cash is paid or received.
Under cash basis of accounting, income is only recognized when actual cash is received.
Accrual basis of accounting ensures transactions pertaining to a period are recorded in that period and it depicts more accurate financial picture unlike in cash accounting wherein income for a period might be overstated or understated.
Following cash basis of accounting is not in accord with both US GAAPs (generally accepted accounting principles) and IFRS.
Answer: a constant standard of living
Explanation:
Answer:
Void
Explanation:
As long as the seller made a counter offer, this counter offer made by the seller automatically leads to the rejection of the original offer from the buyer. In this light, as long as the original contract has been rejected by the seller, it is impossible for the seller to then change his mind and make a decision to accepting the original contract because at this point, the contract is void.
