Classify Each of the Following as Debits or Credits in the U.S.balance

question 116

Essay

Classify each of the following as debits or credits in the U.S.balance of payments.
A.Russian tourists travel to United States.
B.U.S.gives foreign aid to Bosnia.
C.British investors purchase U.S.government bonds.
D.American tourists travel to Australia.
E.Volkswagen earns profits in the United States from its new cars.
F.Toyota builds a new plant in Ohio.
G.Capital Records sells rock and roll music in Sweden.
H.German consumer buy Ronco Vegematics made in United States.
I.Procter & Gamble earns profits in their Mexican facility.

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Definitions:

Ticket Sales

Revenue generated from selling tickets for events such as concerts, movies, sports, and other performances.

Revenue Earned

The total amount of income generated by the sale of goods or services related to the company's primary operations.

Home Soccer Games

Sporting events played at a team's home venue, attracting local attendance and generating revenue.

Warranty Expense

An estimated cost that a company expects to incur for the repair or replacement of a product during its warranty period.