Net Exports Equals _____

question 39

Multiple Choice

Net exports equals _____.

• A)the value of exports minus the value of imports
• B)the value of imports minus the value of exports
• C)the value of imports minus tariffs
• D)the value of exports minus tariffs
• E)the value of exports plus the value of imports minus depreciation

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Definitions:

Cash Collections

The process of gathering and managing the cash from sales, financing, or other sources of revenue for a business.

Revenue Recognition

The accounting standard that identifies the exact circumstances where revenue is considered or documented.

Percentage of Completion

Percentage of completion is an accounting method used to recognize revenue and expenses of long-term projects proportionally to the work completed.

Realizable Revenue

The amount of revenue that is considered to be collectible from goods sold or services rendered.