If U.S. Net Exports Are Negative

question 195

Multiple Choice

If U.S. net exports are negative,

• A) U.S. consumers are spending less on foreign goods than foreign consumers are spending on U.S. goods
• B) U.S. consumers are spending more on foreign goods than foreign consumers are spending on U.S. goods
• C) the government must promote imports to balance international trade
• D) U.S. consumers are spending more on foreign goods than they are spending on U.S. goods
• E) U.S. disposable income is low

Understand the structure and purpose of a trial balance and its role in the accounting cycle.

Identify different types of accounts (assets, liabilities, equity, revenue, expenses) and how they are affected by business transactions.

Know the process and reasons for preparing adjusting entries.

Understand the concept of a chart of accounts and its role in the accounting system.

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Invitee

A person coming on a property for a business purpose.

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The act of operating a vehicle in a careless or unsafe manner, resulting in potential harm to others.