Question: Open with Question 2: (2.5 +2.5 marks) Distinguish between the categories of financial instruments. Also distinguish between debt and equity capital. Question 3: (5 marks)

Open with Question 2: (2.5 +2.5 marks) Distinguish between the categories

Open with Question 2: (2.5 +2.5 marks) Distinguish between the categories of financial instruments. Also distinguish between debt and equity capital. Question 3: (5 marks) A Qatari company buys goods from a US supplier for $30,000 on 30 November Year 1 when the spot exchange rate was $1.50. The company has a financial year that ends on 31 December. At 31 December Year 1, the exchange rate is $1.80 = 1 dinar. The payment for the goods is made on 16 March Year 2, when the exchange rate was $1.60 = 1 dinar. How would this be reported at the settlement of the transaction? Question 4: (4+1 marks) Differentiate between presentation currency and functional currency with examples. Briefly explain foreign currency as well

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