SOLVED: The Balance-of-Payment (BOP) Explained International trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of (2024)

The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account

SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (2) SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (3)

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SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (4)

Submitted by Cindy L. SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (5) Jan. 11, 2024 SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (6) 04:33 a.m.

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SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (7)

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S. citizen who owns shares in its stock" involves the payment of dividends from a foreign company to a foreign individual. This transaction falls under the Financial Account category, as it involves financial assets and liabilities between residents and non-residen ...
S. citizen who owns shares in its stock" involves the payment of dividends from a foreign company to a foreign individual. This transaction falls under the Financial Account category, as it involves financial assets and liabilities between residents and non-residents.

SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (8)

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SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (9) SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (10) SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (11)

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SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (12)

SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (13)

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SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (14)

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The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account

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SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (15)

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SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (16)

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SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (17)Ace Chat

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SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (18)Ask Our Educators

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SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (19)Notes & Exams

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Best Matched Videos Solved By Our Expert Educators SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (20) SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (21) SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (22) SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (23) SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (24)

07:34 BEST MATCH Worldwide United Corporation (WUC), a U.S. taxpayer, manufactures and sells products through a network of foreign branches and wholly-owned foreign subsidiaries. Relevant information for these entities for the current fiscal year appears in the following table:Dividend Income Withholding Tax Rate Tax Rate 0% 0% 0 0 16.5 0 9 0 12.5 0 24 30 5 17 35Net Dividend Received by Parent $1,000,000 8,000,000 8,350,000 9,100,000 1,750,000 7,600,000 3,325,000 269,750Legal Entity Country Form Activity A Bahrain Branch Sales B Bermuda Corporation Sales C Hong Kong Corporation Manufacturing Hungary Corporation Sales E Ireland Corporation Investment F Malaysia Branch Manufacturing G Mexico Corporation Manufacturing H Switzerland Corporation ServiceIncome before Tax $1,000,000 8,000,000 10,000,000 10,000,000 2,000,000 10,000,000 5,000,000 500,000page 368Additional Information1. Entities C, F, and G manufacture products that are sold in their home countries as well as to sister entities wi…
05:24 QUESTION 3 (35 MARKS)a) (26 marks)You have been presented with the following information for Bubble Traders that transpired during the month of July 2023. Date Transaction1The owner contributed an amount of R75 000 cash, as well as motor vehicle valued at R60 000 to the business.3Bubble Traders purchased trading inventory for R11 666 on credit from Chain Suppliers.5The insurance premium of R4 514 was paid through the electronic funds transfer (EFT).9A cash sale amounting to R35 714 was made, the goods were originally purchased at a cost of R30 285.13Bubble Traders settled their account with Chain Suppliers in full by cash.15Sold goods on account to a customer, Mr. Bitcoin for R10 214. The goods were originally purchased at a cost of R9 142.18Purchased trading inventory amounting to R14 714 for cash.19Purchased a building in cash for R100 142.27Made electronic payments for the workers’ salaries and wages amounting to R18 000.30Received a paym…
02:53 Prepare general journal
03:05 Government is cleaning up the way companies do business after accounting and governance scandals rocked investor confidence and damaged the reputation of companies large and small. The Sarbanes-Oxley Act (SOX) of 2002 was enacted in response to the high-profile Enron and WorldCom financial scandals to protect shareholders and the public from accounting errors and fraudulent practices by organizations. One primary component of the SOX is the definition of which records are to be stored and for how long. For this reason, the legislation not only affects financial departments but also IT departments whose job it is to store electronic records. SOX states that all business records, including electronic records and electronic messages, "must be saved for not less than five years." The consequences for noncompliance are fines, imprisonment, or both. Three rules of Sarbanes-Oxley affecting the management of electronic records address the following areas:A. The destruction, alteration, or f…
02:52 Lanner Ltd is a South African company specializing in the importation and distribution of a broad range of kitchen electronic consumable products. Lanner Ltd sources branded products, mainly on an exclusive basis, directly from leading international manufacturers and to a lesser extent from local manufacturers. Suppliers provide Lanner Ltd with 30-day payment terms. The company is invoiced by its suppliers mainly in US$. The company has a network of specialized branches and independent distributors throughout South Africa to ensure product availability to its customers. Eighty percent of the company's sales are made on credit. Lanner is delighted with the results it has achieved this year, especially as the results follow the excellent results produced in 2022 and tough conditions endured during 2021 because of Covid-19. The excellent results have been achieved on the back of an extremely challenging environment. The trial balances of Lanner Ltd for the financial years ended 30 April …

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SOLVED: The Balance-of-Payment (BOP) ExplainedInternational trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of-payments keeps track of the payments to, and receipts from, other countries for a particular time period. These include payments to foreigners for imports of goods and services, and receipts from foreigners for goods and services exported to them. Any transaction resulting in a payment to other countries is entered in the balance-of-payments accounts as a debit and given a negative (-) sign. Any transaction resulting in a receipt from other countries is entered as a credit and given a positive (+) sign.Balance-of-payments accounts are divided into the current account, the capital account, and the financial account. The current account records transactions that pertain to four categories: 1) goods that refer to the import and export of physical goods, 2) services that are intangible products such as banking and insurance services, 3) primary income receipts and payments that refer to income from foreign investments and payments made to foreigners investing in a country, and 4) secondary income receipts and payments. A current account deficit is a situation when a country imports more goods, services, and income than it exports. The opposite situation is called a current account surplus. Persistent deficits mean that one should look at the rest of the balance-of-payments accounts like the capital account and the financial account and details of doubleRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.A French company pays dividends to a U.S. citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial AccountRoll over each item below to read the description of a transaction. Then, drag each transaction to the correct balance-of-payments account.Chinese GovernmentFrench CompanyJapanese AutosU.K.BondsHonduran WorkerItalian ContractorA French company pays dividends to a U.S.citizen who owns shares in its stock.Capital AccountCurrent AccountFinancial Account (35)

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SOLVED: The Balance-of-Payment (BOP) Explained
International trade involves the sale of goods and services to residents in other countries (exports) and the purchase of goods and services from residents in other countries (imports). A country's balance-of (2024)
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