Which one of the following relationships between fluctuations in exchange rates and foreign exchange gains and losses is true? a) for an import purchase, a gain results when foreign currency appreciates. b) for an export sale, a loss results when foreign currency appreciates. c) for an export sale, a gain results when foreign currency appreciates. d) for an import purchase, a loss results when foreign currency depreciates. e) none of the above
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Business, 22.06.2019 11:40
The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?
Answers: 3
Business, 22.06.2019 13:20
Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?
Answers: 2
Business, 23.06.2019 02:00
Heyak believed that the economy could be hard to measure because
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Which one of the following relationships between fluctuations in exchange rates and foreign exchange...
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