Find the cost of good sold and other operating expense 2019:
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A: Hi student Since there are multiple questions, we will answer only first question.
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Find the cost of good sold and other operating expense 2019:
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- Question Special Drawing Rights are Answer a. a reserve asset created by the International Monetary Fund that can be used to settle international payments. b. loans granted by the International Monetary Fund to countries that experience balance of payments problems. c. the term given for official reserves taken as a whole. d. financial assets held by the U.S. Treasury Department.Accounting for Foreign Currency Transactions: Accounting for foreign currency transactions involves recording and reporting financial transactions denominated in a currency other than the entity's functional currency. Here are the key steps involved in handling such transactions: **1. Identifying Foreign Currency Transactions: Definition: Foreign currency transactions occur when a business entity conducts financial transactions, such as sales, purchases, or investments, in a currency different from its functional currency. Examples: Buying goods from a foreign supplier, selling products to overseas customers, or borrowing funds in a foreign currency. **2. Determining the Functional Currency: Primary Currency: Each business entity designates a functional currency, which is the primary currency used in its day-to-day operations and financial reporting. Factors Considered: Factors such as the location of the entity's primary economic activities, the currency in…Which foreign exchange risk relates to the value of assets held in foreign currency on the statement of financial position of financial institutions which trades? a. Economic risk b. Transaction type risk c. Currency risk d. Translation risk
- Explain the rule for translating the Financial Statements of Foreign Operations from Local Currency to Functional Currency. Explain the rule for translating the Financial Statements of Foreign Operations from Functional Currency to Presentation Currencydescribe foreign currency transaction exposure, including accounting for and disclosuresabout foreign currency transaction gains and losseswhich shall be recognized for each item when foreign currency gain or loss that arises from translation of foreign currency denominated transaction to functional currency? a. inventiry b. interest expense c. accounts receivable d. unearned revenue
- Which of the following are suppliers of loanable funds? households government units foreign investors All of these choices are correct Which of the following do foreign suppliers of funds in the U.S. financial market assess? interest rates offered on financial securities their total wealth foreign investors All of these choices are correct.Explain the concepts of Local Currency, Functional Currency and Presentation Currency with suitable examples Explain the rule for translating the Financial Statements of Foreign Operations from Local Currency to Functional CurrencySpecial Drawing Rights are a reserve asset created by the International Monetary Fund that can be used to settle international payments. loans granted by the International Monetary Fund to countries that experience balance of payments problems. the term given for official reserves taken as a whole. financial assets held by the U.S. Treasury Department.
- Explain the following: Liquidity management currency issue lender of last resort financial supervision Management of foreign currency reserves Determination of exchange rate policyWhich of the following is a matured money market instrument widely used in the USA, Europe and Asia where both cash and securities are the motivators? a. Commercial Papers b. Treasury Bills c. Repurchase Agreements d. Certificate of DepositsDate Account Titles and Explanation Debit Credit (To record gain or loss on foreign currency) (To record gain or loss on firm commitment) (To record payment to exchange dealer and receipt of foreign currency) (To record settlement of firm commitment)