Based on the Following Information, What Is the Balance on the Financial

question 49

Multiple Choice

Based on the following information, what is the balance on the financial account? Exports of goods and services = $5 billion
Imports of goods and services = $3 billion
Net income on investments = -$2 billion
Net transfers = -$2 billion
Increase in foreign holdings of assets in Canada = $4 billion
Increase in Canadian holdings of assets in foreign countries = -$1 billion

• A)$3 billion
• B)$2 billion
• C)$1 billion
• D)-$1 billion
• E)-$3 billion

Recognize the impact of net profit margin ratio and total asset turnover ratio on return on assets.

Understand the concept of gross profit and how it is influenced by operating expenses and cost of goods sold.

Comprehend the significance of reporting non-operating income and expenses separately from operating activities.

Identify and categorize different components of stockholders' equity and comprehend disclosure requirements related to shares.

---

Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries are made, used to prepare financial statements.