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Show how the following transactions should be recorded in the U.S. balance of payments using a double-entry accounting system:

A) Newmont Mining—a U.S. mining concern—exports $400 million worth of copper to China and is paid in the form of a payment drawn on a U.S. bank.

B) Dupont expands its plastics manufacturing capacity in its Polish plant by investing $250 million financed by a dollar bond issue in London (United Kingdom

C) The U.S. government provides food assistance to Sudanese refugees in the amount of $25 million worth of flour.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92670272

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