Question
Mustard Inc. agreed to make the payment for purchased goods costing 129,000 Ethiopian Birr (ETB) on June 1. The payment was made on August 1.
Mustard Inc. agreed to make the payment for purchased goods costing 129,000 Ethiopian Birr (ETB) on June 1. The payment was made on August 1. Calculate the actual payment made by Mustard Inc. on August 1. The spot rates of dollars for Ethiopian Birr (ETB) is as follows:
| June 1 | $1 = 20 |
| August 1 | $1 = 30 |
a.$4,515
b.$4,300
c.$2,365
d.$5,492
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Auditing Cases An Interactive Learning Approach
Authors: Steven M Glover, Douglas F Prawitt
4th Edition
0132423502, 978-0132423502
