Double entry bookkeeping

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Indicate how each of the following international transactions is entered into the U.S. BOP with double entry bookkeeping. If there is a capital inflow/outflow entry, explain why.

A U.S. citizen sends $100 worth of gifts to his friend who is in Frankfurt.

A U.S. investor receives $200 dividend from a German corporation and deposits it in a local bank.

An American company imports $500 worth of goods from Japan and pays in yen.

Reference no: EM131616438

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