Question
KOKO Ltd an australian company ,enters into a foreign currency transaction by purchasing inventory from a US suppiler for US $200000.The exchange rate on the
KOKO Ltd an australian company ,enters into a foreign currency transaction by purchasing inventory from a US suppiler for US $200000.The exchange rate on the date of the transaction is AUD $1= US $0.68. the amount to be recognized in Koko ltd financial statement for the transaction is ?
a) AU $20.000
b) US $20,000
c) AU $29,412
d) AU 13,600
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Loss Control Auditing A Guide For Conducting Fire Safety And Security Audits
Authors: E. Scott Dunlap
1st Edition
1439828865, 978-1439828861
