Which of the Following Is an Example of U

question 222

Multiple Choice

Which of the following is an example of U.S.foreign portfolio investment?

• A)A U.S.legal office opens a branch office in Holland.
• B)Erica,a U.S.resident,buys bonds issued by the Swiss government.
• C)Both A and B are examples of U.S.portfolio investment.
• D)Neither A nor B are examples of U.S.portfolio investment.

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Definitions:

Worksheet

An informal accounting document used inside an organization, facilitating the preparation of financial statements and supporting the adjustment process at the end of an accounting period.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in net income.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby resetting the temporary accounts for the new period.