Which of the Following Would Increase Net Exports in Canada

question 261

Multiple Choice

Which of the following would increase net exports in Canada?

• A)A Canadian purchases 500 silver necklaces from Mexico.
• B)The government of Mexico purchases 500 Bombardier C Series aircraft from the Canada.
• C)A Mexican citizen purchases 25 shares of stock in Bombardier.
• D)The Canadian government donates $5 million to Mexico to help victims of drought in Mexico.
• E)Blackberry sells several of its patents to Apple.

Understand the procedures and significance of controlling cash receipts and payments.

Recognize the use and purpose of a voucher system in internal controls.

Understand basic bank services and their roles in controlling cash.

Recognize the purpose and process of a voucher system in controlling cash payments.

---

Definitions:

Insurance Expense

The cost incurred by a company to insure its assets, operations, or liabilities against various risks over a specific period.

Accounts Payable

An entry in financial accounts showing a corporation's duty to reimburse a short-term loan from its creditors or vendors.

Total Assets

The sum of all current and non-current assets owned by a company, representing the total resources that can be used to generate future income.

Total Liabilities

The total amount of financial obligations a company owes to outside parties, including loans, bonds, accounts payable, and other debts.