Assume That Tom Sells a Crate of Florida Oranges to a Retailer

question 261

Multiple Choice

Assume that Tom sells a crate of Florida oranges to a retailer in Canada and Susan sells a U.S. bond to a customer in Britain. Which statement illustrates the difference and/or similarity between these two transactions?

• A) Only Tom will actually receive U.S. dollars as a result of this transaction.
• B) The sale of the bond generates a liability, while the sale of the oranges does not.
• C) Both sales generate an asset for the United States.
• D) Both sales generate a liability for the United States.

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Definitions:

E-Mail

Electronic mail, a method of exchanging messages and files between individuals using electronic devices.

Written Communication

The process of conveying messages or information through written symbols, including letters, emails, reports, and text messages.

Communication

The process of exchanging information, ideas, thoughts, and feelings through verbal or non-verbal methods, including speaking, writing, visual images, and body language.

Negotiation

The process by which two or more parties with different needs and goals discuss an issue to find a mutually acceptable solution.