Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Preference for individual professional judgment / self- regulation is: Select one: O a. Flexibility O b. Professionalism. O c. Conservatism. O d. Uniformity, On

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The Preference for individual professional judgment / self- regulation is: Select one: O a. Flexibility O b. Professionalism. O c. Conservatism. O d. Uniformity, On November 15, 2019, a U.S. Company sold goods to a customer in England for 30,000 pounds. Payment to be made on January 15, 2020. Exchange rates were as follows: November 15, 2019, 1 pound $0.75, December 31, 2019 1 pound = $0.80 and January 15, 2020, 1 pound = $0.78. The Journal entry in the book of the U.S. Company on 15/11/2019 is: Select one: O a. Dr. Accounts receivable $23,700 and Cr. Sales revenue $23,700. O b. Dr. Accounts receivable $24,000 and Cr. Sales revenue $24,000. oc. Dr. Accounts receivable $22,500 and Cr. Sales revenue $22,500 O d. Dr. Accounts receivable $23,400 and cr. Sales revenue $23,400. Used for financial reports such as consolidated financial statement is: Select one: O a. Reporting Currency. O b. Base Currency. O c. Foreign currency. O d. Functional Currency. The preference for relationships, modesty, caring is: Select one: O a. Femininity. O b. Uncertainty Avoidance. O c. Individuality. Od: Collectivity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Audit Guide For Beginners Understanding Fiduciary Responsibilities

Authors: Oren Rohleder

1st Edition

B0B1M56DMY, 979-8829314019

More Books

Students also viewed these Accounting questions

Question

Does it have correct contact information?

Answered: 1 week ago