According to the Oatley Book,the Difference Between Total US Owned

question 18

Multiple Choice

According to the Oatley book,the difference between total US owned assets abroad and foreign owned assets in the United States for 2007 was

• A) a surplus of $767.8 billion.
• B) a deficit of $767.8 billion.
• C) a deficit of $1.289 trillion.
• D) a surplus of $2.057 trillion.
• E) a deficit of $733.0 billion.

---

Definitions:

Building Account

An account used in construction and real estate development to track costs and expenditures related to building projects.

Equipment Account

A ledger account that records transactions related to the purchase, maintenance, and sale of equipment.

Consolidation

The process of combining the financial statements of a parent company and its subsidiaries into one comprehensive financial statement.

Goodwill

A non-physical asset that occurs when a business purchases another business at a cost exceeding the fair market value of its identifiable net assets.