a. The December 31, 2018 accounts receivable amounted to? b. The December 31, 2018 foreign currency contract value of option amounted to? c. The December 31, 2018 net foreign exchange gain or loss amounted to? d. The February 4, 2019 expiration date, net total foreign exchange gain or loss amounted to? e. The February 14, 2019 expiration date, the foreign contract value option amounted to?
a. The December 31, 2018 accounts receivable amounted to? b. The December 31, 2018 foreign currency contract value of option amounted to? c. The December 31, 2018 net foreign exchange gain or loss amounted to? d. The February 4, 2019 expiration date, net total foreign exchange gain or loss amounted to? e. The February 14, 2019 expiration date, the foreign contract value option amounted to?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 3MC: On July 1, 2019, Aldrich Company purchased as an available-for-sale security 200,000 face value, 9%...
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Step 1: Introduciton
VIEWStep 2: Compute December 31, 2018 Accounts Receivable (AR) Amount:
VIEWStep 3: Compute December 31, 2018 Foreign Currency Contract Value of Option:
VIEWStep 4: Compute December 31, 2018 Net Foreign Exchange Gain or Loss:
VIEWStep 5: Compute February 4, 2019 Expiration Date Net Total Foreign Exchange Gain or Loss:
VIEWStep 6: Compute February 14, 2019 Expiration Date Foreign Contract Value Option:
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