Question
On August 1st, Nestle (a Swiss company) spent USD 2.3 billion to buy a 75% ownership in Kraft Foods (U.S.A.).This transaction is recorded as _____.
On August 1st, Nestle (a Swiss company) spent USD 2.3 billion to buy a 75% ownership in Kraft Foods (U.S.A.).This transaction is recorded as _____.
A month later, on September 1st, Nestle paid USD 325 million to buy an 8% stake in Heinz Foods (U.S.A.).This transaction is recorded as _______.
Group of answer choices
Switzerland portfolio investments: debit /Switzerland direct investments: debit
Switzerland direct investments: debit /Switzerland portfolio investments: debit
No answer text provided.
Switzerland current transfers: debit /Switzerland goods: debit
Switzerland portfolio investments: debit /Switzerland income: debit
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
