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On October 1, 2019, Alibaba China sold a technology to AliAbabwa Saudi Arabia for 1,500,000 saudi riyal. The settlement date is March 1, 2018. Alibaba
On October 1, 2019, Alibaba China sold a technology to AliAbabwa Saudi Arabia for 1,500,000 saudi riyal. The settlement date is March 1, 2018. Alibaba China has a fiscal year-end of December 31 and uses Chinese RMB as its functional and reporting currency. Spot rate October 1, 2019 1.91 RMB Spot rate December 31, 2019 1.86 RMB Spot rate March 1, 2020 1.85 RMB Numerical Amount Gain (g) or Loss (L) Determine Alibaba China's accounts receivable balance on the 2019 balance cell not applicable sheet date. Determine Alibaba China's foreign exchange gain or loss on the 2019 financial statements. Determine Alibaba China's foreign exchange gain or loss on the 2020 financial statements. Determine Alibaba China's cumulative foreign exchange gain or loss related to this transaction
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