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Big Arber Company ordered parts from a foreign supplier on November 20 at a price of 240,000 pijios when the spot rate was $0.09 per pijio. Delivery and payment were scheduled for December 20. On November 20, Big Arber acquired a call option on 240,000 pijios at a strike price of $0.09, paying a premium of $0.006 per pijio. It designates the option as a fair value hedge of a foreign currency firm commitment. The fair value of the firm commitment is measured by referring to changes in the spot rate. The parts arrive and Big Arber makes payment according to schedule. Big Arber does not close its books until December 31. a. Assuming a spot rate of $0.11 per pijio on December 20, prepare all journal entries to account for the option and firm commitment. If no entry is required, select "No Journal Entry Required" b. Assuming a spot rate of $0.08 per pijio on December 20, prepare all journal entries to account for the option and firm commitment. If no entry is required, select "No Journal Entry Required"
List and describe different activities that are manual parts of business processes at a restaurant such as Wendy"s.
A company issued 300,000 of 20-year, 8 percent bonds at 96. If interest is paid semiannually, what is the amount of bond interest expense recorded on any interest date?
Make sure to address the following: short-term viability, short-term growth, cash flow, working capital, efficiency, and liquidity.
which of the following corporation types is a highly developed international company with a deep involvement throughout
Gold Company was experiencing financial difficulties, but was not bankrupt or insolvent. The National Bank, which held a mortgage on other real estate owned by Gold, reduced the principal from $110,000 to $85,000.
Tax rules are often very precise. For instance, a taxpayer must ordinarily provide "over 50%" of another person's support in order to claim a dependency exemption. Why is the threshold "over 50%" as opposed to "50% or more"? Explain in detail.
you will identify and propose to the instructor a course project case study. upon approval to proceed you will identify
Show the necessary entries in the books of Oshim Company Limited.
Quinn paid $300,000 in preferred stock dividends in 2010, and reported net income of $5,100,000 for the year. Quinn's diluted earnings per share for 2010 should be:
Completed plans for a commercial building but did not immediately collect the fee of $15,000 due to financing problems with the builder.
shin company sells one product. presented below is information for january for shin company.jan. 1 inventory 300 units
Under the installment sales method, what would be Rosson's deferred gross profit at December 31, 2008?
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