The ________ Account Records Transactions Involving the Import and Export

question 91

Multiple Choice

The ________ account records transactions involving the import and export of goods and services, income receipts on assets abroad, and income payments on foreign assets inside the country.

• A) income receipts account
• B) capital account
• C) income payments account
• D) current account

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Definitions:

Multinational Companies

Corporations that own or control production of goods or services in one or more countries other than their home country.

Philosophy of Manufacturers

The underlying beliefs and principles that guide the actions, decisions, and policies of individuals or entities that produce goods for market consumption.

Andrew Ure

A Scottish doctor, scholar, and significant figure in the Industrial Revolution known for his work in chemistry and contributions to industrial management.

Sick Leave

Paid or unpaid time off from work that an employee is allowed to use to recover from illness or seek medical treatment.