Business, 17.08.2021 03:40, yairreyes01
Borrow Overseas Corp. (BOC) is a Canadian company that reports its financial results in Canadian dollars in accordance with IFRS. On December 31, 20X5, BOC’s year end, the company borrowed €1,000,000. This two-year loan is repayable in full on December 31, 20X7. Interest is payable annually at 6% with the first interest payment due on December 31, 20X6. Pertinent exchange rate information follows:
Date Exchange rate
December 31, 20X5 €1.00 = C$1.4267December 31, 20X6 €1.00 = C$1.4345December 31, 20X7 €1.00 = C$1.4129Average rate for December 20X6 €1.00 = C$1.4322Average rate for December 20X7 €1.00 = C$1.4143Average rate for 20X6 €1.00 = C$1.4306Average rate for 20X7 €1.00 = C$1.4188Required:
Prepare separate journal entries to reflect all events during the lifetime of the loan that impacts BOC’s year-end financial statements. Support the journal entries with a brief explanation as to their nature. Include supporting calculations in the journal entries or reference their location elsewhere on the worksheet.
Answers: 1
Business, 22.06.2019 02:30, altstattlana
Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)
Answers: 2
Business, 22.06.2019 19:30, mfkinnatz
Dollar shave club is an ecommerce start-up that delivers razors to its subscribers by mail. by doing this, dollar shave club is using a(n) to disrupt an existing market. a. innovation ecosystem b. architectural innovation c. business model innovation d. incremental innovation
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Business, 22.06.2019 19:30, Wayne4345
John's pizzeria and equilibrium john is selling his pizza for $6 per slice in an area of high demand. however, customers are not buying his pizza. using what you learned about the principles of equilibrium, write three to four sentences about how john could solve his problem.
Answers: 1
Business, 23.06.2019 00:30, destinyd10189
Dr. hughes enjoys offering to employees who perform over and above the call of duty
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Borrow Overseas Corp. (BOC) is a Canadian company that reports its financial results in Canadian dol...
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