Please help me answer these correctly:

Company D, a domestic entity, sold goods to a British company on 5/10 with the transaction denominated in Pounds. The sales price of the goods was 250,000, and the cost of the goods was $100,000. The receivable is payable in full on 6/10, and Company D prepares their financials monthly. Relevant exchanges rates are 5/10 1 = $1.30, 5/31 1 = $1.40, and 6/10 1 = $1.45. Based on this information, what was the amount booked to sales by Company D on 6/10?

Question 5 options:

250,000

$362,500

$325,000

$250,000

2. Company D, a domestic entity, sold goods to a British company on 5/10 with the transaction denominated in Pounds. The sales price of the goods was 250,000, and the cost of the goods was $100,000. The receivable is payable in full on 6/10, and Company D prepares their financials monthly. Relevant exchanges rates are 5/10 1 = $1.30, 5/31 1 = $1.40, and 6/10 1 = $1.45. Based on this information, how much A/R need to be revalued by Company C on 6/10?

Question 5 options:

a. $25,000 increase

b. $0

c. $25 decrease

d. $12,500 increase

3. Company F is a foreign subsidiary of a domestic company and Company F's functional currency is the Euro. On Company F's financials at the end of the year 2015, they reported 300,000 in cost of goods sold. If the spot rate on 1/1/15 was 1 = $1.10, the spot rate on 12/31/15 was 1 $1.25, and the weighted average rate for the full year 2015 was 1 = $1.20, how much is the translated balance of cost of goods sold in U.S. $ at year-end?

Question 8 options:

$360,000

$336,000

$330,000

$300,000

4. Company F is a foreign subsidiary of a domestic company and Company F's functional currency is the Euro. On Company F's financials at the end of the year 2015, they reported 150,000 in net income. If the spot rate on 1/1/15 was 1 = $1.10, the spot rate on 12/31/15 was 1 $1.20, and the weighted average rate for the full year 2015 was 1 = $1.12, how much will be added to translated retained earnings when the books are closed for the year?

Question 9 options:

$168,000

$180,000

$150,000

None of the above. Not enough information to answer the question.

5. Company F is a foreign subsidiary of a domestic company and Company F's functional currency is the Euro. The total U.S. $ Translated balances of total assets per the trial balance at year-end but prior to closing entries is $1,100,000, liabilities is $400,000, equity is $125,000, and net income adds up to $175,000. The amount to be entered into Accumulated Translation Adjustment will be:

A. $400,000 credit

B. $225,000 credit

C. $575,000 credit

D. $1,025,000 debit

2. Frodo, Sam, Merry, and Pippen are in a partnership together and have a combined capital balance of $700,000. A new partner, Bilbo, pays the partnership $100,000 directly for a 1/5 interest in the new partnership. The partnership chooses the bonus method to existing partners to account for this transaction and will allocate any bonus evenly amongst the existing partners. The journal entry on the books of the partnership to account for this transaction would be:

A. Debit Cash $160,000; Credit Capital-Bilbo $160,000

B. Debit cash $100,000: debit each of the existing partner's capital accounts $25,000 each; Credit Capital-Bilbo $200,000

C. Debit Cash $100,000; Credit Capital-Bilbo $100,000

D. Debit cash $100,000:debit each of the existing partner's capital accounts $15,000 each; Credit Capital-Bilbo $160,000

Company F is a foreign subsidiary of a domestic company and Company F's functional currency is the Euro. The total U.S. $ Translated balances of total assets per the trial balance at year-end but prior to closing entries is $1,100,000, liabilities is $400,000, equity is $125,000, and net income adds up to $175,000. The amount to be entered into Accumulated Translation Adjustment will be:

A. $400,000 credit

B. $225,000 credit

C. $575,000 credit

D. $1,025,000 debit

The type of government financial statement that consolidates all operations on a full accrual basis are the:

A. Fund financial statements

B. Profit and Loss Statement

C. Statement of Retained Earnings

D. Government-wide statements

Which of the following is not a fund type used in governmental accounting:

A. Governmental funds

B. Capital asset funds

C. Fiduciary funds

D. Proprietary funds

A type of governmental fund that accounts for resources for which the governmental units acts of trustee or agent is a:

A. Capital projects fund

B. Special revenue fund

C. Fiduciary fund

D. Proprietary fund

An intergovernmental transfer of funds is recorded as ____________ if received prior to time period of use or collection will not generate resources available for use in current year.

A. cash

B. a receivable

C. a debt obligation

D. a deferred revenue

A type of governmental fund used to account for nonexpendable trusts where the earnings, but not the principal, are used to support government activities and programs is a:

A. Permanent fund

B. Trust fund

C. Special purpose fund

D. Unreserved designated fund

A type of governmental used to account for operations financed and or operated like a business is a(an):

A. Debt service fund

B. Fiduciary fund

C. Permanent fund

D. Enterprise fund

Frodo, Sam, and Merry form a partnership where each partner will have an equal share to start. Frodo contributes $100,000 in equipment, Sam contributes $170,000 cash, and Merry contributes $15,000 in cash and $15,000 in equipment. Immediately after formation, Sam's capital account would reflect a balance of:

A. $100,000 credit

B. $50,000 debit

C. $50,000 credit

D. $20,000 debit

All of the following are purposes of government financial reporting except:

Question 1 options:

A)	Determine the overall profitability of the government entity

B)	Evaluate efficiency and effectiveness

C)	Determine compliance with laws and regulations

D)	Compare actual results with the budget

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Question 2(4 points)

The type of government statement that consolidates all operations on a full accrual basis are the:

Question 2 options:

A)	Fund financial statements

B)	Statement of Retained Earnings

C)	Government-wide statements

D)	Profit and Loss Statement

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Question 3(4 points)

Which of the following is not a fund type used in governmental accounting:

Question 3 options:

A)	Proprietary funds

B)	Capital assets funds

C)	Governmental funds

D)	Fiduciary funds

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Question 4(4 points)

A type of governmental fund that accounts for resources for which the governmental units acts of trustee or agent is a:

Question 4 options:

A)	Proprietary fund

B)	Fiduciary fund

C)	Special revenue fund

D)	Permanent fund