Which of the Following Are National Accounts That Track Both

question 117

Multiple Choice

Which of the following are national accounts that track both payments to and receipts from other countries?

• A)Equity
• B)Dematerialized
• C)Balance of trade
• D)Asset
• E)Balance-of-payments

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Definitions:

Audit

An evaluation, typically by an independent entity, to ensure that an organization's financial records and statements are accurate and in accordance with laws and regulations.

Financial Statements

Compiled documents that present an organization’s financial activity and condition, typically including the balance sheet, income statement, and statement of cash flows.

Independent Auditors

Professional auditors who are not employees of the company being audited and provide an unbiased opinion on the truth and fairness of a company's financial statements.

Financial Statements

Reports that summarize the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.