Which of the Following Is One of the Forces That

question 3

Multiple Choice

Which of the following is one of the forces that determine the equilibrium between the current account and the real exchange rate?

• A) movements in net foreign assets
• B) changes in inventories inside the economy
• C) the net change in the merchandise account
• D) the balance of trade deficit

Comprehend the treatment of goods in transit and consignment under inventory accounting.

Recognize the specific identification method and its application criteria under GAAP and IFRS.

Understand the implications of LIFO and FIFO cost flow assumptions under GAAP and IFRS.

Determine the appropriate inclusion or exclusion of items in physical inventory counts.