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What is the exchange rate on December

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Reference no: EM133156385

Question - On September 1, 2020, B Company acquired a computer for 100,000 USD when the exchange rate is 1 peso into 20 USD. B reported foreign exchange loss of 15,000 peso in its 2020 financial statement and 10,000 foreign exchange gain in its 2021 financial statement.

A. What is the exchange rate on December 31, 2020?

B. What is the amount of computer on December 31, 2020 statement of financial position?

C. The exchange rate on settlement date?

D. How much is the cost of computer on December 31, 2021, statement of financial position?

E. How much is the total accounts payable on December 31, 2020, statement of financial position?

Reference no: EM133156385

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