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Part 1Based upon recording Balance of Payment (BOP) transactions. Determine whether or not the following is a debit, credit or no entry to the U.S. Balance of Payment statement. Also determine what chart of account is affected (i.e. CA, KA or OSB).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.5. U.S. resident borrows funds from British broker to purchase stock.Part 2Read the case study (Daniels, Radebaugh, & Sullivan, 2018, pp. 541-543) “H&M: The Challenges of Global Expansion and the Move to Adopt International Financial Reporting Standards.” Answer questions 19-3 and 19-4 at the end of the case study and the question listed below. Your response for all three questions should be at least two 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 the financial statements are prepared according to IFRS?Payments or liabilities may also be subjected to exposure. Explain the operational hedging strategies that may offset exposure.

 

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