Brice Foods Group, a European food retailer that operates supermarkets in seven countries, engaged in the following transaction during 2013: purchased and received inventory costing €500 million on account from various suppliers.  Indicate the effects of the transaction on the accounting equation.    Select one: A. Liabilities + €500 million; Shareholders’ Equity + €500 million B. Liabilities + €500 million; Shareholders’ Equity  - €500 million C. Assets + €500 million; Shareholders’ Equity + €500 million D. Assets + €500 million; Liabilities + €500 million

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Balance of Payments

BOP is categorized into the following three components: