On june 1, camco received a signed agreement to sell inventory for ¥500,000. the sale would take place in 90 days. camco immediately signed a 90-day forward contract to sell the yen as soon as they are received. the spot rate on june 1 was ¥1 =$.004167, and the 90-day forward rate was ¥1 = $.00427. at what amount would camco record the forward contract on june 1? a. $2,083.b. $0.c. $2,110.d. $2,532.e. $2,135.
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On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500
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How do communism and socialism differ in terms of the role that government plays in the economy ?
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On june 1, camco received a signed agreement to sell inventory for ¥500,000. the sale would take pla...
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