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Suppose the McDonalds Corporation imports Australian beef, paying for it by transferring the funds to a New York bank account kept by the Australian beef

Suppose the McDonalds Corporation imports Australian beef, paying for it by transferring the funds to a New York bank account kept by the Australian beef producer.

a.Payment by McDonalds will be recorded as a debit.

b.Payment by McDonalds will be recorded as a credit.

c.The deposit of the funds by the seller will be recorded as a debit.

d.The deposit of the funds by the buyer will be credit.

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