Business, 20.08.2019 00:10 levicorey846
On june 19, don co., a u. s. company, sold and delivered merchandise on a 30-day account to cologne gmbh, a german corporation, for 200,000 euros. on july 19, cologne paid don in full. relevant currency rates were: june 19 july 19spot rate $0.988 $0.99530-day forward rate 0.990 1.000what amount should don record on june 19 as an account receivable for its sale to cologne? a. $197,600b. $198,000c. $199,000d. $200,000
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On june 19, don co., a u. s. company, sold and delivered merchandise on a 30-day account to cologne...
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