1.Explain how each of the following transactions are recorded and classified in the Canadian balance of payments accounts. You are to name the related account and sub account as well as to determine whether they give rise to a payment (-) or a receipt from abroad (+). NO DOUBLE ENTRY IS REQUIRED!

(a)A disaster relief shipment of barely and wheat by Canada to a famine-stricken country.

(b)A Canadian tourist hotel expenses in Italy.

(c)A Canadian buys shares of German automaker BMW.

(d)A Canadian share holder of the American technology company APPLE receives dividends from APPLE.