The Following Table Shows the 2008 Balance of Payments Statement

question 23

True/False

The following table shows the 2008 balance of payments statement for Transylvania.All figures are in billions of dollars.

-Refer to the above data.In 2008 Transylvania was a net recipient of transfers from the rest of the world.

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Definitions:

Indirect Method

A financial reporting approach used to generate the statement of cash flows, where net income is adjusted for changes in non-cash accounts to reveal cash generated or consumed by operating activities.

Voting Stock

Shares that grant the holder the right to vote on company matters, typically influencing board elections and corporate policy.

Cash Dividend

A payment made by a company out of its earnings to its shareholders, usually in the form of cash.

Net Income

The income a company retains following the deduction of all costs and taxes from its total earnings.