5.

On April 10, 2022, when the spot rate is $1.20/, a U.S. company sells merchandise to a customer in Italy at a price of 100,000. The spot rate is $1.21/ on June 30, the companys year-end. Payment, in euros, is received on August 10, 2022, when the spot rate is $1.18/.

What amount does the company report as accounts receivable on its June 30, 2022, balance sheet?

Select one:

a. $118,000

b. $121,000

c. $100,000