Which Activity Is a Negative Entry on the Canadian Current

question 171

Multiple Choice

Which activity is a negative entry on the Canadian current account?

• A) A Canadian tourist spends $2,000 at the SXSW Festival in Austin, Texas.
• B) A U.S. tourist spends $3,000 at the Toronto International Film Festival.
• C) A Canadian buys a German government bond.
• D) A Canadian from Halifax invests in a hockey stick factory in Saskatchewan.
• E) A French investor buys a winery in the Okanagan Valley in British Columbia.

Prepare journal entries for cash and credit sales, including sales returns and allowances.

Record payment transactions, including discounts for early payment.

Know how to record the payment of sales tax to the state.

Understand the difference between cash and accrual accounting in the context of sales.

---

Definitions:

Conversion Therapy

A controversial and discredited practice aimed at changing an individual's sexual orientation or gender identity.

Scared Straight

A program intended to deter juvenile participants from future criminal offenses by exposing them to the realities of prison life and interactions with adult inmates.

Conversion Therapy

A controversial and scientifically discredited practice aimed at changing an individual's sexual orientation or gender identity to heterosexual or cisgender norms.

Mental Illness

A broad range of mental conditions characterized by significant disturbances in thought, emotions, or behavior.