Complete the journal entry to record this sale

Assignment Help Accounting Basics
Reference no: EM132881303

Question - Company A is incorporated in the US Company B is incorporated in Japan. Company A reports financial information in dollars. Company A sells merchandise to Company B for 1,000,000 yen. The sale takes place on January 1, 2004. At that date the exchange if $.0091. Complete the journal entry to record this sale?

Reference no: EM132881303

Questions Cloud

Best insurance plan to cover accidental injuries : -Imagine that you are a single individual who is shopping for the best insurance plan to cover any accidental injuries you might suffer during recreational
Calculate the amount of amortization expense : Calculate the amount of amortization expense for the year ended December 31, 2008, using the straight-line method of amortization
Job specifications and customer needs continually change : For a high-tech organization where the job specifications and customer needs continually change, which of the forecasting techniques discussed in the text are
Discuss the impacts of police misconduct : Discuss the impacts of police misconduct, particularly in terms of the preceding year and how it effects police-community relations.
Complete the journal entry to record this sale : The sale takes place on January 1, 2004. At that date the exchange if $.0091. Complete the journal entry to record this sale
Discuss the concept of victim precipitation : Discuss the concept of victim precipitation. Describe two examples of either positive or negative behavioral examples of victim precipitation.
What are some risks and challenges ikea : What are some risks and challenges IKEA is likely to face as a result of basing its minimum pay on the living wage formula, rather than just legal requirements
Analyze facts or legal principles in dispute in the case : Analyze the facts involved in the case, from your sides perspective - Identify the law or legislation related to the case that supports your sides perspective
Implications of the downsize decision for company : Explain, in detail, the implications of the downsize decision for a company.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd