On December 20, 2011, Butanta Company (a U.S. company headquartered in Miami, Florida) sold parts to a

Question:

On December 20, 2011, Butanta Company (a U.S. company headquartered in Miami, Florida) sold parts to a foreign customer at a price of 50,000 ostras. Payment is received on January 10, 2012.

Currency exchange rates for 1 ostra are as follows: image text in transcribed

a. How does the fluctuation in exchange rates affect Butanta’s 2011 income statement?

b. How does the fluctuation in exchange rates affect Butanta’s 2012 income statement?

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Fundamentals Of Advanced Accounting

ISBN: 978-0078136634

4th Edition

Authors: Joe Hoyle

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On December 20, 2011, Butanta Company (a U.S. company headquartered in Miami, Florida) sold parts to a

Question:

December 20, 2011 December 31, 2011 January 10, 2012 $1.05 1.02 0.98

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Fundamentals Of Advanced Accounting

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