Which of the Following Would Be Recorded in the U

question 32

Multiple Choice

Which of the following would be recorded in the U.S. goods export account?

• A) Harry, an American citizen, spends 1,000 francs on vacation in the south of France.
• B) A machine shop in Ohio purchases a grinder made in Italy.
• C) Martha receives a $50 dividend check on stock she owns in a business in Germany.
• D) The U.S. government subsidizes American farmers for planting corn for export.
• E) France purchases a new jet fighter aircraft from the Boeing Company in the United States.

---

Definitions:

Joint Venture

A joint venture is a business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task, which is usually limited in time and scope.

Partnership Law

The branch of law that governs the operations, rights, and obligations of parties in a partnership, including the formation, management, and dissolution of partnerships.

Written Contract

A legally binding agreement between two or more parties, explicitly detailed in a written document rather than agreed upon orally.

Sole Proprietorship

A type of business enterprise owned and managed by one person, where there is no legal distinction between the owner and the business.