subject
Business, 05.12.2019 06:31 jordanfvest

On july 1, 2017, mifflin company borrowed 200,000 euros from a foreign lender evidenced by an interest-bearing note due on july 1, 2018. the note is denominated in euros. the u. s. dollar equivalent of the note principal is as follows: date amount july 1, 2017 (date borrowed) $ 225,000 december 31, 2017 (mifflin’s year-end) 220,000 july 1, 2018 (date repaid) 210,000 in its 2018 income statement, what amount should mifflin include as a foreign exchange gain or loss on the note?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 01:00
Azster inc. recorded sales revenue for the year that ended december 31, 2014 as $67,000. interest revenue of $5,300 and expenses of $14,000 were also recorded for the same period. what is aster’s net profit or loss?
Answers: 3
question
Business, 22.06.2019 07:30
Which two of the following are benefits of consumer programs
Answers: 1
question
Business, 22.06.2019 11:30
Schonhardt corporation's relevant range of activity is 2,500 units to 5,500 units. when it produces and sells 4,000 units, its average costs per unit are as follows: averagecost per unitdirect materials $ 7.60direct labor $ 2.90variable manufacturing overhead $ 1.65fixed manufacturing overhead $ 2.90fixed selling expense $ 0.95fixed administrative expense $ 0.65sales commissions $ 0.75variable administrative expense $ 0.65if 4,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to: multiple choicea $16,800b $11,400c $11,600d $15,400
Answers: 3
question
Business, 22.06.2019 20:10
Your sister is thinking about starting a new business. the company would require $375,000 of assets, and it would be financed entirely with common stock. she will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an roe of 13.5%. how much net income must be expected to warrant starting the business? a. $41,234b. $43,405c. $45,689d. $48,094e. $50,625
Answers: 3
You know the right answer?
On july 1, 2017, mifflin company borrowed 200,000 euros from a foreign lender evidenced by an intere...
Questions
question
Mathematics, 20.11.2020 21:40
question
Mathematics, 20.11.2020 21:40
question
Social Studies, 20.11.2020 21:40
question
Mathematics, 20.11.2020 21:40
Questions on the website: 13722363