Mustard Inc. agreed to make the payment for purchased goods costing 129,000 Ethiopian Birr (ETB) on June
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Question:
Mustard Inc. agreed to make the payment for purchased goods costing 129,000 Ethiopian Birr (ETB) on June 1. The payment was made on August 1. Calculate the actual payment made by Mustard Inc. on August 1. The spot rates of dollars for Ethiopian Birr (ETB) is as follows:
June 1 | $1 = 20 |
August 1 | $1 = 30 |
Related Book For
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
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