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Question 20 1 Point Assume that the cash balance on December 31, 2020 was SR 8 million (including $1 million recorded when exchange rate $1
Question 20 1 Point Assume that the cash balance on December 31, 2020 was SR 8 million (including $1 million recorded when exchange rate $1 = 5R3), the exchange rate on Dec. 31 is $1 = SR 5, then the cash balance in the balance sheet (statement of financial position) on Dec. 31 is A 2 million B 10 million None of the other answers. D) 5 million Question 21 1 Point Difference between FV and Cost is goodwill or a gain on the bargain purchase A goodwill or a gain on the bargain purchase. B gain on the bargain purchase. None of the other answers. D goodwill. Question 22 1 Point The ..... to the investor is directly related to fluctuations in price, rate or some other variable that underlies it. A hedging B interest rate derivative's value D None of the other answers. Question 23 1 Point ..... are contracts to exchange an ongoing stream of cash flows, commonly swapping interest rates A Swaps B Futures Contracts Forward Contracts D Options
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