If the company does not hedge the commitment, at what amount is the equipment recorded on the

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If the company does not hedge the commitment, at what amount is the equipment recorded on the books on November 30, 2009?

a. $$300,000$

b. $$260,000$

c. $$200,000$ :

d. None of the above

On October 1, 2008, Short Company ordered some equipment from a supplier for 200,000 euros. Delivery and payment is to occur on November 30, 2009. The spot rates on October 1, 2008 and November 30, 2009 are $$1.50$ and $$1.30.$

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Advanced Accounting

ISBN: 12

5th Edition

Authors: Debra C Jeter, Paul K Chaney

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Question Posted: May 21, 2024 05:00 AM

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If the company does not hedge the commitment, at what amount is the equipment recorded on the

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Advanced Accounting

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