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Ace Co., a U.S. corporation, sold inventory on December 1, yr 1, with payment of 10,000 British pounds to be received in sixty days. The
Ace Co., a U.S. corporation, sold inventory on December 1, yr 1, with payment of 10,000 British pounds to be received in sixty days. The pertinent exchange spot rates were as follows: Dec 1 1.7241 Dec 31 1.8182 Jan 20 1.6666 For what amount should Sales be credited on December 1?
0 | ||
16,667 | ||
17,241 | ||
18,182 |
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