On November 1, 20X1, A U. S. company sold merchandise to a foreign company for 375,000 kroner. The payment in krone is due on January 31, 20X2. The spot rate was as follows: $0.20 per krone on November 1, 20X1; $0.21 per krone on December 31, 20X1; and $0.19 per krone on January 31, 20X2 when the payment was received. Which of the following incorrectly describes the accounting for this foreign currency transaction? A. The receivable was recorded at $78,750 on the December 31, 20X1 balance sheet.
B. The receivable was recorded at $75,000 on November 1, 20X1.
C. The foreign currency transaction gain included on the income statement for the year ending December 31, 20X1 was $3,750.
D. The foreign currency transaction loss included on the income statement for the year ending December 31, 20X2 was $3,750.

ell really, the setting was in franklin and lincoln visits franklin even after he moved to columbus, and he went to school

if it is for a job, then you should learn everything you can about the job, like what does it involve, what qualification is required and how you are the right person for that job. dress appropriately for the interview. get plenty of rest the night before. good luck!

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it

answer; someone must cover the cost associated with the provision of scarce goods in both sectors;