Question
Assume the following spot exchange rates between the British pound sterling and the US dollar. March 1 1.8685 March 31 1.8258 April 30 1.7740 On
Assume the following spot exchange rates between the British pound sterling and the US dollar.
| March 1 | 1.8685 | |
| March 31 | 1.8258 | |
| April 30 | 1.7740 |
On March 1, XYZ Co. sells goods to an US Company importer for $1000,000. Payment is to be receiced on April 30. What are the journal entries for XYZ on March 1, March 31, and April 30?
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GAO Yellow Book Government Auditing Standar
Authors: Comptroller General United States Government
2011edition
1479245577, 978-1479245574
