Beginning with BEA’s benchmark survey of U.S. direct investment abroad for 1982 and BEA’s benchmark survey of foreign direct investment in the United States for 1980, the treatment of unincorporated affiliates was changed to parallel that of incorporated affiliates. Previously, less detail by component of income and financial flows was available for unincorporated affiliates than for incorporated affiliates; now, the same detail by component was available for both types of affiliates. The change was possible because, over time, accounting procedures of unincorporated affiliates became more similar to those of incorporated affiliates.
Published