1: 31 ... bs sljll - assignment_... 1a0da0aa87 > - . AAD-P10-2013 1.1/V/T. FACULTY OF ADMIENISTRIVE AND FINANCIAL SCIENCES DEPARTMENT OF ACCOUNTING QUESTION NO. 1: TRUE/FALSE STATEMENTS (1 POINTS) On September 15, 2019, Wasdin Compuny, a U.S. firm, purchased a piece of equipment from a foreign finn for 100,000 FC. Payment for the equipment was to be made in FC on January 15, 2020. The spot mates on selected dates were as follows: Date Spot Rate 15/9/2019 1 FC - $0.35 31/12/2019 1 FC -50.38 15/1/2020 1 FC = 50.36 1. that the US Corp. has a December 31-year end. compute exchange gains/losses to be recorded for 2019 show.computation. 2. Assuming that the US Corp. has a December 31-year end, compute exchange gains losses to be recorded for 2020. show your commutation 3. Assuming that the US Corp. will pay for the equipment in U.S. dollars. compute exchange gains/losses to be recorded for 2019. show your computation Assuming that the US Corp. will pay for the equipment in U.S. dollars. compute exchange gain/losses to be recorded for 2020. show your computation AAO- PO-RN 3 Page 2 of INTERNATIONAL ACCOUNTINO (020114600). FACULTY OF ADMIENISTRIVE AND FINANCIAL SCIENCES DEPARTMENT OF ACCOUNTING