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QUESTION 4 On October 11, 2019, Hera Company ordered some equipment from a suppler for 200.000 euros. Delivery and payment is to occur on
QUESTION 4 On October 11, 2019, Hera Company ordered some equipment from a suppler for 200.000 euros. Delivery and payment is to occur on November 30, 2019. The spot rates on October 11, 2019 and November 30, 2019 are $1.30 and $1.10. The company acquired a forward contract to hedge any unfavorable changes in fair value of the equipment What is the equipment recorded on the books on November 30, 2019? The forward rate for November 30 settement is $1.25 O $200,000 O $220,000 $250 000 O $200,000 Euro 200,000 QUESTIONS Grum Com a publicly owned corporation is subject to the requirements for segment reporting In its income statement for the year ending December 31, 2004, Gnum reported revenues of $00,000,000, operating expenses of $50,000,000, and net income of $4,000,000 Operating expenses include payroll costs of $13,000.000 Grum's combined identifiable assets of all industry segments at December 31, 2004 were $45,000,000. In its 2004 financial statements, Grum should disclose major customer data of sales to any single customer amount to at least O $400.000 O $4,500,000 O $5.000.000. O $0.000.000 6 points 6 points
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