Clark Co., a U.S. corporation, sold inventory on December 1,…

Questions

Clаrk Cо., а U.S. cоrpоrаtion, sold inventory on December 1, 2021, with payment of 12,000 British pounds to be received in sixty days. The pertinent exchange rates were as follows:             Dec. 1 Spot rate: $ 1.831   Dec. 31 Spot rate: $ 1.976   Jan. 30 Spot rate: $ 1.768     For what amount should Sales be credited on December 1?                         A)    $18,310.              B)    $19,760.            C)    $23,712.            D)    $21,972.            E)    $21,216.

Clаrk Cо., а U.S. cоrpоrаtion, sold inventory on December 1, 2021, with payment of 12,000 British pounds to be received in sixty days. The pertinent exchange rates were as follows:             Dec. 1 Spot rate: $ 1.831   Dec. 31 Spot rate: $ 1.976   Jan. 30 Spot rate: $ 1.768     For what amount should Sales be credited on December 1?                         A)    $18,310.              B)    $19,760.            C)    $23,712.            D)    $21,972.            E)    $21,216.

Clаrk Cо., а U.S. cоrpоrаtion, sold inventory on December 1, 2021, with payment of 12,000 British pounds to be received in sixty days. The pertinent exchange rates were as follows:             Dec. 1 Spot rate: $ 1.831   Dec. 31 Spot rate: $ 1.976   Jan. 30 Spot rate: $ 1.768     For what amount should Sales be credited on December 1?                         A)    $18,310.              B)    $19,760.            C)    $23,712.            D)    $21,972.            E)    $21,216.

Clаrk Cо., а U.S. cоrpоrаtion, sold inventory on December 1, 2021, with payment of 12,000 British pounds to be received in sixty days. The pertinent exchange rates were as follows:             Dec. 1 Spot rate: $ 1.831   Dec. 31 Spot rate: $ 1.976   Jan. 30 Spot rate: $ 1.768     For what amount should Sales be credited on December 1?                         A)    $18,310.              B)    $19,760.            C)    $23,712.            D)    $21,972.            E)    $21,216.

Clаrk Cо., а U.S. cоrpоrаtion, sold inventory on December 1, 2021, with payment of 12,000 British pounds to be received in sixty days. The pertinent exchange rates were as follows:             Dec. 1 Spot rate: $ 1.831   Dec. 31 Spot rate: $ 1.976   Jan. 30 Spot rate: $ 1.768     For what amount should Sales be credited on December 1?                         A)    $18,310.              B)    $19,760.            C)    $23,712.            D)    $21,972.            E)    $21,216.

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