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FA12 Persistent Earnings Identify each of the following items as either (P) persistent, or (T) transitory. Persistent or Transitory a. Sale of merchandise. b. Settlement

FA12 Persistent Earnings

Identify each of the following items as either (P) persistent, or (T) transitory.

Persistent or Transitory
a. Sale of merchandise.
b. Settlement of a lawsuit.
c. Interest income.
d. Payment to vendors.
e. Loss from expropriations of property by a foreign government.

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