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Help need to answer the following questions:1) What is the advantage to the firm of a positive balance in retained earnings?2) Identify whether the following transactions would:a) affect the current or the capital account for Canadab) whether they would increase or decrease the balance of the relevant accounti) US-based company purchases 200 tonnes to steel cans procuded in Manitoba by a Canadian owned comp.ii) UK based company purchases a Canadian comp. that produces children's clothingiii) Canadian based comp. purchases 20 forklifts produced by a US owned companyiv) German based comp. purchases 2000000 par value of Gov. of Canada bonds.Thank you in advance.[email protected]
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