A Statement of Spending Flows into and Out of the Country

question 118

Multiple Choice

A statement of spending flows into and out of the country during a particular period for
Purchases of assets is called a

• A) current account.
• B) capital account.
• C) net foreign investment account
• D) net outflow account.

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Definitions:

Physical Count

The process of counting inventory by hand to verify the quantities on hand, typically performed at the end of an accounting period to ensure accurate inventory records.