4 How much accounts receivable from the transaction is included in Goo's 20x1 statement of financial position? a. 1,370,000 c. 1,380,000 d. 1,350,000 b. 1,375,000 5. How much is the foreign exchange gain (loss) is recognized in Goo's 20x2 statement of profit or loss? c. (10,000) d. (30,000) a. 10,000 b. 30,000 strie ait el 6. How much is the total foreign exchange gain (loss) recognized from the transaction? a. 20,000 b. 25,000 c. (20,000) d. (25,000)
4 How much accounts receivable from the transaction is included in Goo's 20x1 statement of financial position? a. 1,370,000 c. 1,380,000 d. 1,350,000 b. 1,375,000 5. How much is the foreign exchange gain (loss) is recognized in Goo's 20x2 statement of profit or loss? c. (10,000) d. (30,000) a. 10,000 b. 30,000 strie ait el 6. How much is the total foreign exchange gain (loss) recognized from the transaction? a. 20,000 b. 25,000 c. (20,000) d. (25,000)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Answer the following question with solution.
Transcribed Image Text:A How much accounts receivable from the transaction is
included in Goo's 20x1 statement of financial position?
c. 1,380,000
d. 1,350,000
a. 1,370,000
b. 1,375,000
5. How much is the foreign exchange gain (loss) is recognized in
а. 10,000
b. 30,000
Goo's 20x2 statement of profit or loss?
с. (10,000)
d. (30,000)
6. How much is the total foreign exchange gain (loss) recognized
from the transaction?
a. 20,000
b. 25,000
c. (20,000)
d. (25,000)
Transcribed Image Text:PROBLEM 4: MULTIPLE CHOICE - COMPUTATIONAL
Goo Co. sold inventory to a foreign entity for 100,000 FCU
Use the following information for the next six questions:
(foreign currency units). Relevant information follows:
Exchange rates
(1 FCU to LCUS)
Date
Particulars
Dec. 1, 20x1
Receipt of order
Date of shipment
13.70 LCUS
Dec. 22, 20x1
Dec. 31, 20x1 End of reporting period
Jan. 8, 20x2
13.75
13.80
Settlement date
13.50
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