1. Business
  2. Accounting
  3. question 9 in a statement of cash flows cash transactions...

Question: question 9 in a statement of cash flows cash transactions...

Question details

Question 9 In a statement of cash flows, cash transactions are classified into three major categories. Which of the following is NOT one of these three categories? Select one: O a. Operating activities. O b. Financing activities. O c. Investing activities. O d. Managing activities. Not yet answered Marked out of 1 Flag question
Question 10 Hayden, Inc. purchased knobs from a Greek company for 185,000 euros. On the purchase date the exchange rate was $0.80 per euro, but when Hayden paid the liability, the exchange rate was $O.70 per euro. When this foreign account payable was paid, Hayden, Inc., recorded a: Not yet answered Marked out of 1 P Flag question Select one: O a. Credit to Accounts Payable of $148,000 O b. Gain of $18,500. O c. Loss of $18,500. O d. Debit to Inventory of $18,500.
Question Of the following globalization strategies, which would be least demanding in terms of the quantity and variety of accounting information required? Not yet answered Select one Marked out of 1 a P Flag question b. Establishing a wholly owned foreign subsidiary O c. International licensing. O d. Joint ventures
Question 12 Tuliptime, Inc. sold American fashions to a Japanese company at a price of 4 million yen. On the sale date, the exchange rate was SO.0100 per Japanese yen, but when Tuliptime received payment from its customer, the exchange rate was $0.0103 per yen. When the foreign receivable was collected, Tuliptime: Not yet answered Marked out of 1 Select one: Flag question a. Credited Sales for $1,200 O b. Debited Cash for $40,000. O c. Credited Gain on Fluctuation of Foreign Currency for $1,200. O d. Debited Loss on Fluctuation of Foreign Currency for $1,200.
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution