ECONOMICS
BALANCE OF PAYMENTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Trade in goods
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Transfer of ownership in fixed assets
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Trade in services
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Income
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Detailed explanation-1: -Answer and Explanation: The correct answer is : C. US Capital inflow and outflow.
Detailed explanation-2: -Fixed assets are most commonly referred to as property, plant, and equipment. Current assets are any assets that are expected to be converted to cash or used within a year. Noncurrent assets, in addition to fixed assets, include intangibles and long-term investments.
Detailed explanation-3: -Answer and Explanation: The correct answer is (c) Office Equipment.
Detailed explanation-4: -Non-current (fixed) assets are items of value that the organization has bought and will use for an extended period of time, typically including land and buildings, motor vehicles, furniture, office equipment, computers, fixtures and fittings, and plant and machinery.