A Belgian company pays $100,000 to a consulting company in Chicago for a consulting report.This causes a:
A) Credit in the U.S. investment income
B) Debit in the U.S. investment income
C) Credit in U.S. services
D) Debit in U.S. services

Question

Quizplus · Accepted Answer

This transaction is recorded as a credit in U.S. services because it represents income received by the U.S. from abroad for services provided, in this case, consulting services.

A Belgian Company Pays $100,000 to a Consulting Company in Chicago