Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Get quick and reliable answers to your questions from a dedicated community of professionals on our platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
true An increase in the purchases of foreign assets by a nation's firms would decrease the nation's capital deficit
What is capital deficit?
A capital account deficit occurs when a company's equity becomes negative. This indicates that the total value of liabilities exceeds the total value of assets.
A capital account deficit in your business means that more money is flowing out of the account than is being added to it. For example, if you added $10,000 to your capital account during the fiscal quarter but spent $12,000 from it, you would have a $2000 capital account deficit.
A capital account is a general ledger account used in accounting to record the owners' contributed capital and retained earnings—the total amount of a company's earnings since its formation, less the total dividends paid to shareholders.
To know more about capital deficit follow the link:
https://brainly.com/question/17143455
#SPJ4
Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.