When the us imports goods from foreign countries where and, Financial Management

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When the us imports goods from foreign countries where and

1. When the U.S. imports goods from foreign countries, where and how do those transactions get recorded in the balance of payments statement?

2. Analyze the following transaction. Boeing, a U.S. company sells an aircraft to Japan Airlines for $350 million. JAL makes payment by transferring funds they have kept in a Chicago bank account. Where will this transaction be recorded as a debit and where will this transaction be recorded as a credit?

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