The Algerian government receives $1,000,000 worth of seed from the U.S.government as a gift.This action is recorded as a $1,000,000 debit to the U.S.merchandise account.

Question

Quizplus · Accepted Answer

This action is recorded as a debit in the U.S. government's account but not in the merchandise account, as it is a government grant, not a commercial transaction.

The Algerian Government Receives $1,000,000 Worth of Seed from the U.S.government