The statement, Japan generally runs a significant trade surplus because of the structural barriers against imports into Japan, is true.
As Japan's savings rate is high relative to Japan's domestic investment, Japan generally runs a trade surplus. Thus, the result is high net capital outflow which is matched by high net exports, resulting in a trade surplus.
Japan's overall trade surplus is the result of its exports in the scientific and optical equipment, rubric machinery, semiconductors, electronic parts, and telecommunications equipment. Now the current account surplus has been shrinking for four fiscal years in a row.
Hence, in 2019, Japan reported the biggest trade surpluses with different countries.
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Answer:
The correct answer is post the information to the ledger.
Explanation:
In accounting, the general ledger is a document where all the transactions of corporations are recorded in chronological order. Each account must have a different book, which must be affected each time the accounts are involved in this process. These records make it possible to know the movements in a more detailed way, since unlike the journal in this case, only a single group of accounts is known and not the whole.
Answer:
The answer is below
Explanation:
Given that Section 1231 assets are a term that is used to describe the real or depreciable trading property acquired for more than a year. For example, landed property, buildings, etc.
Hence, in this case, the correct answer or statement to the question are:
1. If Section 1231 assets are sold and the taxpayer has a realized loss, the loss is a fully deductible ordinary loss
2. If Section 1231 assets held long-term are sold for a realized gain, the taxpayer has a potential long term capital gain that may be taxed at favorable capital gains rates but this result often does not occur
