Unit VII Case Study Complete both parts of this assignment and submit as a single document.Part OneBased upon recording balance of payment (BOP) transactions, determine whether or not the following is a debit, credit, orno entry to the U.S. Balance of Payment statement. Also determine what chart of account is affected (i.e., CA, KA, orOSB):1. U.S. resident purchases Mercedes Benz C230,2. U.S. resident purchases Chevelot Impala,3. foreigner purchases GE dryer,4. U.S. resident purchases UK stock, and5. U.S. resident borrows funds from British broker to purchase stock.Part TwoRead the case study, pp. 759-762, "H&M: The Challenges of Global Expansion and the Move to Adopt InternationalFinancial Reporting Standards." Answer questions 19-3 and 19-4 at the end of the case study and the questions listedbelow. Your response for all four questions should be at least three pages in length and follow APA style guidelines.? What type of exposure could the CFO of H&M in the U.S. be subjected to since H&M is based in Sweden and thefinancial statements are prepared according to IFRS?? Payments or liabilities may also be subjected to exposure. Explain the operational hedging strategies that mayoffset exposure.Information about accessing the Blackboard Grading Rubric for this assignment is provided below.MBA 6601, International Business 6Unit VIII EssayAnswer the following essay questions using a minimum of three sources for each response.