When Sophie,a French Citizen,purchases a Dell Computer in Paris,France That

question 109

Multiple Choice

When Sophie,a French citizen,purchases a Dell computer in Paris,France that was produced in Texas,the purchase is

• A)both a U.S.and a French import.
• B)a U.S.import and a French export.
• C)a U.S.export and a French import.
• D)neither an export nor an import for either country.

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Definitions:

Financing Activities

Transactions involving issuing debt, equity, and paying dividends as reflected in a company's cash flow statement, indicating the flow of cash between a company and its owners and creditors.

Statement of Cash Flows

A document that illustrates the influence of balance sheet modifications and revenue on the availability of cash and equivalents, categorized by activities related to operating, investing, and financing.

Par Value

The face value of a bond or stock as stated by the issuing company, often used as an accounting standard or a minimum value.

Common Stock

A type of equity ownership in a corporation, representing a claim on part of the company's earnings and assets, with voting rights on corporate matters.