【简答题】10 T account is so called because it resembles the letter _____. 1.11 The debit is on the _____ side of the vertical line. The credit is on the _____ side of the account. 1.12 “Dr.” stands for _____ ,...
【单选题】In 2018, internal auditors discovered that Fay, Inc., had debited an expense account for the $700,000 cost of a machine purchased on January 1, 2015. The machine's useful life was expected to be five ...
【多选题】The Japanese balance of payments from 1994 to 1997 is as follows. All numbers are reported in billions of U.S. dollars. The last line gives the real effective exchange rate index of the yen relative t...
A.
The Japanese trade balance, which has been constantly positive over the time period, decreased dramatically from 1994 to 1996. The current account tracked the trade balance.
B.
The trade surplus was mostly used to invest abroad (negative capital and financial account).
C.
In each year, the current account surplus exceeded the capital and financial account deficit and official reserves decreased.
D.
In 1994 and 1995, the yen kept appreciating in real terms (its real effective exchange rate was 127 in 1992 and moved up to 175 in 1995). The strong yen hurt the international competitiveness of Japan and its trade balance strongly deteriorated until 1996.
E.
In each year, the current account surplus exceeded the capital and financial account deficit and official reserves increased.