Which of the Following Items Is NOT a Deficit Item

question 223

Multiple Choice

Which of the following items is NOT a deficit item in the balance of payments?

• A) imports of merchandise
• B) sales of domestic assets to foreigners
• C) purchases of gold from foreigners
• D) military spending abroad

Understand the layout and purpose of the three sections of the statement of cash flows and their interrelationships.

Understand how to prepare and format a balance sheet.

Calculate total revenue, total expenses, and net income from transaction data.

Prepare and format a statement of stockholders' equity.

---

Definitions:

Dozen Oysters

A quantity of oysters amounting to 12 units, often used in the context of serving or purchasing seafood.

Total Utility

The overall satisfaction or benefit a consumer receives from consuming a certain quantity of goods or services.

Beers

A wide variety of alcoholic beverages made from barley, hops, water, and yeast through a brewing process.

Marginal Utility

The additional satisfaction or usefulness obtained from acquiring or consuming one more unit of a product or service.