Problem 4: On December 16, 2018, R Company sold flowers toVenezuelan firm. Payment of 1,000,000 bolivar is due onFebruary 14, 2019. Concurrently, R paid 4,000 cash to acquirea 60-day put option for 1,000,000 bolivar.12/16/1812/31/182/14/19Spot rateStrike priceFV of put optiona. The December 31, 2018 accounts receivable.16.15.147.16.16.164,00013,30013,000amounted to?b. The December 31, 2018 foreign currency contractvalue of option amounted to?c. The December 31, 2018 net foreign exchange gain orloss amounted to?d. The February 4, 2019 expiration date, net total foreignexchange gain or loss amounted to?e. The February 14, 2019 expiration date, the foreigncontract value option amounted to?

The spot rate shows the cost of exchanging money at present. The strike price is the agreed-upon…

a. The December 31, 2018 accounts receivable amounted to? b. The December 31, 2018 foreign currency contract value of option amounted to? c. The December 31, 2018 net foreign exchange gain or loss amounted to? d. The February 4, 2019 expiration date, net total foreign exchange gain or loss amounted to? e. The February 14, 2019 expiration date, the foreign contract value option amounted to?

a. The December 31, 2018 accounts receivable amounted to? b. The December 31, 2018 foreign currency contract value of option amounted to? c. The December 31, 2018 net foreign exchange gain or loss amounted to? d. The February 4, 2019 expiration date, net total foreign exchange gain or loss amounted to? e. The February 14, 2019 expiration date, the foreign contract value option amounted to?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 3MC: On July 1, 2019, Aldrich Company purchased as an available-for-sale security 200,000 face value, 9%...

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