Question
1) You (US company) imported Earth Moving Equipment (EME) from Australia. You imported EME at A$ 300 (with AP). (Australian $ 300) on Dec 1,
1) You (US company) imported Earth Moving Equipment (EME) from Australia.
You imported EME at A$ 300 (with AP). (Australian $ 300) on Dec 1, 2018. The exchange rate was 1.2 A$/US$.
On Dec 15, you sold EME in the US at US$400 in Cash.
The exchange rate on Dec 31, 2018 was 0.6 A$/US$.
On Feb 1, 2019, you paid to your supplier in full. The exchange rate was 1 A$/US$.
What were NI in 2018 and 2019, respectively?
2) You (US company) imported Earth Moving Equipment (EME) from Australia.
You imported EME at US$ 300 (with Cash) on Dec 1, 2018.
On Dec 15, 2018, you sold EME to Australia at A$400 (Australian $) in AR.
The exchange rate on Dec 15, 2018 was 0.8 A$/US$.
The exchange rate on Dec 31, 2018 was 0.5 A$/US$.
On Feb 1, 2019, your customer paid you in full.
The exchange rate on Feb 1 was 0.8 A$/US$.
What were NI in 2018 and 2019, respectively?
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New Principles Of Best Practice In Clinical Audit
Authors: Robin Burgess
2nd Edition
1138443646, 978-1138443648
