Question
Classify the following transactions as a debit or credit and whether it belongs in the U.S. BOP current account or financial account. Enter your selections
Classify the following transactions as a debit or credit and whether it belongs in the U.S. BOP current account or financial account. Enter your selections in the table below.
Type of Transaction | Debit or Credit | Current or Financial Account |
U.S. Resident sells used mining equipment to a German business |
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Purchase of a Japanese-produced Subaru by U.S. resident |
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Buyout purchase of a U.S. software company by a Chinese manufacturer |
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Sale of 100 shares of Apple stock to a Russian resident |
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U.S oil worker living in Norway sends his earnings to his family in Houston |
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