Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 30, 2023

1. Samsung is listed on the Korea Exchange in South Korea and as of September 2023 has 6,802,194,175 shares outstanding. Your investment bank decided

1. Samsung is listed on the Korea Exchange in South Korea and as of September 2023 has 6,802,194,175 shares outstanding. Your investment bank decided to purchase 700,000,000 shares. How this transaction will be recorded in the US Balance of Payments? a. It will be recorded in the Current account 5. It will be recorded in the Capital account c. It will be recorded in the Financial account d. It will be recorded in the Official Reserves account e. Net errors and omissions account f. The transaction will not be recorded in the BOP

Step by Step Solution

★★★★★

3.47 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below The purchase of shares by ... blur-text-image

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Advanced Accounting In Canada

Modern Advanced Accounting In Canada

Authors: Hilton Murray, Herauf Darrell

7th Edition

1259066487, 978-1259066481

More Books

Students explore these related Accounting questions

Question

What is the current gdp of India in 2023? difference between 2021-2023. please share all details in index form

Answered: 3 weeks ago

Question

A Case Study of Financial Reporting Issues Qing L. Burke Tim V. Eaton Miami University Alibaba Group Initial Public Offering: A Case Study of Financial Reporting Issues ABSTRACT: In September 2014,...

Answered: 3 weeks ago

Question

Mitcham Ltd. is a public corporation that is listed on the Toronto Stock Exchange. Mitcham Ltd.'s principal business includes the manufacturing and sale of industrial equipment. The head office is...

Answered: 3 weeks ago

Question

Consider the following function. def f(x): a = [] while x > 0: a.append(x) f(x-1) A new object of type list is created for each recursive invocation of f. True or False

Answered: 3 weeks ago

Question

CVP analysis, income taxes, sensitivity. (CMA, adapted) Almo Company manufactures and sells adjustable canopies that attach to motor homes and trailers. For its 2009 budget Almo estimates the...

Answered: 3 weeks ago

Question

4. A neurology group practice recently analyzed its level of patient referrals and referral sources. This analysis showed that 60% of all referrals came from 35% of all the physicians who referred to...

Answered: 3 weeks ago

Question

15. The joint density of X and Y is given by f (x, y) = ey y , 0 Answered: 1 week ago

Answered: 3 weeks ago

Question

Selected data on merchandise inventory, purchases, and sales for Celebrity Tan Co. and Ranchworks Co. are as follows: Instructions 1. Determine the estimated cost of the merchandise inventory of...

Answered: 3 weeks ago

Question

In his article about sentience and AI , Stuart Rauch identifies three consequences that could arise facing "a truly sentient AI . " Which of the following is NOT one of these three areas of Rauch's...

Answered: 3 weeks ago

Question

Are there any circumstances under which a country might want to increase its currencys value?

Answered: 3 weeks ago

Question

Coefficient of variation Metal Manufacturing has isolated four alternatives for meeting its need for increased production capacity. The following table summarizes data gathered relative to each of...

Answered: 3 weeks ago

Question

Sandhill Company offers a five-year warranty on its products. Sandhill previously estimated warranty costs to be 3% of sales but in 2025 revised this estimate to 1% due to process and quality control...

Answered: 3 weeks ago

Question

WA cost assignment Louvre Corp. applies the weighted average method for process costing. The following production and cost per EUP data are available for Louvre Corp. for February: Units completed...

Answered: 3 weeks ago

Question

The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Cash Debits 55,000 Credits Accounts receivable 275,000 Prepaid rent 7,500 Inventory...

Answered: 3 weeks ago

Question

Case 1: Effect of transactions on accounting equation. On August 1 Joseph set up Exacta Reprographic Company. The following transactions took place during the first month: a) Joseph deposited 70,000...

Answered: 3 weeks ago

Question

Step by step instructions Forty Winks Corporation manufactures night stands. The 1,200 night stands in April. Each night stand requires 0.75 direct labor hours in its p hour What is the total...

Answered: 3 weeks ago

Question

Fill in each blank so that the resulting statement is true. 83 + 103 = ______ .

Answered: 3 weeks ago

Question

The financial statements for CAP Inc. and SAP Company for the year ended December 31, Year 5, follow: On December 31, Year 5, after the above figures were prepared, CAP issued $300,000 in debt and...

Answered: 3 weeks ago

Question

The following balance sheets have been prepared as at December 31, Year 5, for Kay Corp. and Adams Co. Ltd.: Additional Information ¢ Kay acquired its 40% interest in Adams for $360,000 in Year...

Answered: 3 weeks ago

Question

Commencing in 2007, foreign companies that were using IFRSs did not have to reconcile their reported profit to profit under U.S. GAAP . Access the 2011 and 2010 annual reports for Cenovus, a Canadian...

Answered: 3 weeks ago

Question

A trust company pays 5.375% compounded annually on its five-year GICs. What semiannually compounded interest rate would produce the same maturity value?

Answered: 3 weeks ago

Question

Rounded to the nearest month, how long will it take money to lose one-third of its purchasing power if the annual inflation rate is 3%?

Answered: 3 weeks ago

Question

One of the more volatile mutual funds in recent years has been the AGF China Focus Fund. The funds annual returns in successive years from 2003 to 2008 inclusive were 63.4%, -9.3%, 8.6%, 67.6%,...

Answered: 3 weeks ago

Previous Question Next Question