Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. when a swiss watchmaker buys a factory in the unit

When a Swiss watchmaker buys a factory in the United States, paying by writing a...

80.2K

Verified Solution

Question

Accounting

When a Swiss watchmaker buys a factory in the United States, paying by writing a check on an account with a bank in Switzerland. How would this be accounted for in the balance of payments?

A) Debit in the financial account and credit in the capital account

B) Credit in the financial account and debit in the current account

C) Debit in the financial account and credit in the financial account

D) Credit in the current account and debit in the financial account

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The business faculty of a public university recorded data on the number of students enrolled in...

Statistics
Q

For carbon-14, calculate the mass defect and the binding energy. Please explain to me where you...

Chemistry
Q

Design a circular column, using approximate methods, for a factored load of 80 Kips and a factored...

Civil Engineering
Q

A spherical conductor has a radius of 14 cm and a charge of 26 micro columns....

Physics
Q

Development of the world population between 1960 and 2005. YEAR POPULATION (in millions) 1960 3019 1965 3347 1970 3698 1975 4084 1980 4448 1985 4844 1990 5292 1995 5674 2000 6045 2005 6465 Based on the data, construct...

Statistics
Q

Bacterial cells could have any of the following appendages except O flagella 0 pil sex...

Biology
Q

Solve the initial value problem for r as a vector function of t d r...

Calculus
Q

Bramble Company had the following account balances at year-end: Cost of Goods Sold $64,700, Inventory...

Accounting
Q

Saved Help Save & Exi Che E7-5 Calculating Cost of Ending Inventory and Cost of...

Accounting
Q

E 19-21 EPS; convertible preferred stock; convertible bonds; order of entryLO19-7, LO019-9 Information from the...

Accounting
Q

On November 12, Higgins, Inc., a U.S. Company, sold merchandise on credit to Kagome of...

Accounting
Q

What does EPS show you and what EPS to achieve in your company?

Accounting