The extent to which hierarchy and division of power within an institution and organization unfairly acceptable IS: Select one: O a. Collectivity. O b. Uncertainty Avoidance. Oc. Power Distance, O d. Individuality. A U.S. Corp. purchased machine from a French firm on July 1, 2019, when a Euro cost $0.75. The U.S. firm will be required to pay the French manufacturer 200,000 Euros on August 1, 2019, when the Euro costs $0.69, the journal entry on August 1 includes: Select one: O a. Debit to accounts receivable $ 150,000, Credit to cash $ 138,000 and credit to exchange gain $ 12,000. O b. Debit to accounts receivable $ 150,000, Credit to cash $ 138,000 and credit to exchange gain $ 12,000. O c. Debit to accounts payable $ 150,000, Credit to cash $ 138,000 and credit to exchange gain $ 12,000. O d. Debit to accounts payable $ 138,000, Credit to cash $ 138,000 and debit to exchange loss $ 12,000. Assuming that the functional currency of a foreign subsidiary is not the local currency, which of the following accounts would be remeasured at the historical rate? Select one: O a. Long-term notes payable O b. Accounts Payable O c. Land O d. Sales Revenue The forward rate in a forward contract: Select one: O a. None of the above are true. O b. is said to be at a discount if it exceeds the spot rate at the inception of the contract. O c. is the spot rate at the expiration date of the contract. O d. changes as the spot rate changes. The process of producing statements that disclose an organization's financial status (financial health) to: management, investors and the government is: Select one: O a. Electronic reporting. O b. Managerial reporting. O c. Cost reporting. O d. Financial reporting