Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - On June 1, 20x5, a Victor Inc. placed an order for equipment with a United States manufacturer. The price of the equipment is 500,000 USD. The equipment is expected to be delivered on March 31, 20x6, at which time the payment is due. In order to protect itself from fluctuations in interest rates, the company entered into a forward contract to purchase 500,000USD on March 31, 20x6, at 1 USD = $1.36. At December 31, 20x5, the forward rate for a three-month forward contract ending on March 31, 20x6, was 1 USD = $1.41 and the spot rate was 1 USD = $1.40. No entries were made relative to this contract. The company made a decision on March 31, 20x5 to use hedge accounting and wishes to classify it as a cash flow hedge.
Required - Prepare the journal entry relating to this transaction at December 31, 20x5.
Once you have selected a specific business type for your project, create a 1-page summary in Word of your chosen business. In the summary, include how you plan to use financial, managerial, and cost accounting in its operations.
Prepare the appropriate journal entry for each transaction or event.
On January 1, Guillen Corporation had 93,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share.
Fixed manufacturing Overhead $24,000 Fixed selling and administrative $12,000. What is the net operating income for he month under variable costing?
Stand-alone revenue allocation. Magic Systems, Inc., sells computer hardware to end consumers. The CX30 is sold as a "bundle," which includes three hardware.
at december 312007 the general ledger of hoffman electric had the following account balances.all adjusting entries
How much interest expense would be included in your first payment? How much interest expense would be included in your last payment?
On January 1, 2007, Yarrow Corporation had 1,000,000 shares of common stock outstanding. Compute the weighted average number of shares
What are your views about the weight of each element of the remuneration package and its link with performance measures set for the executive directors?
following balance sheet of ms combined industries relates to the year ended december 31 2000.assetrsliabilities and
Compute the retained earnings and total stockholders' equity at the end
Explain need for full disclosure in financial reporting. Identify possible consequences of failing to properly disclose certain items in financial statements
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd