Question
3 Hodge Co., a company incorporated in the United States, sold Inventory on 12/01/2021, with payment of 12,000 pounds to be received in 60
3 Hodge Co., a company incorporated in the United States, sold Inventory on 12/01/2021, with payment of 12,000 pounds to be received in 60 days. The following exchange spot rates were as follows: 12/01 Spot rate: $1.831 12/31 Spot rate: $1.976 52.30 01/30 Spot rate: $1.768 For what amount should Sales be credited on 12/01 on the books' of Hodge Co.? Multiple Choice $23.712K $21.972K $21.216K $19.76K
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Construction accounting and financial management
Authors: Steven j. Peterson
2nd Edition
135017114, 978-0135017111
