A U. S. exporter has a Thai baht account receivable resulting from an export sale on June 1 to a customer in Thailand. The exporter signed a forward contract on June 1 to sell Thai baht and designated it as a cash flow hedge of a recognized Thai baht receivable. The spot rate was $0.022 on that date, and the forward rate was $0.021. Which of the following did the U. S. exporter report in net income?
a. Discount expense
b. Discount revenue
c. Premium expense
d. Premium revenue
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A U. S. exporter has a Thai baht account receivable resulting from an export sale on June 1 to a customer in Thailand. The exporter signed ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Your parents have decided to buy a new toyota 4runner for $25,635. according to the dealer, the car will depreciate in value approximately $3,00 per year.
Answers (1)
A client performs two repetitions of a bench press exercise with 130 lb and gradually decreases the resistance with each set until he performs 10 repetitions with 100 lb on the last set.
Answers (1)
27. The aggregate supply curve has a significantly different curve or arc to it than the aggregate demand curve. What is one of the key reasons for the different shape of the aggregate supply curve?
Answers (1)
The taxpayer's marginal tax bracket is 25%. which would the taxpayer prefer?
Answers (1)
The marginal benefit of a slice of pizza is the: total amount that a consumer is willing to pay for a whole pizza, divided by the number of slices difference between the value of the slice to the consumer and the price of the slice.
Answers (2)
New Questions in Business
Secular inflation in the United States since 1960 has been most likely be the result of persistent leftward shifts of the aggregate demand curve. persistent rightward shifts of the long-run aggregate supply curve.
Answers (1)
Which of the following roles require publicly-traded companies to have an internal audit function? A) The New York Stock Exchange (NYSE) B) The Internal Revenue Service (IRS) C) The stockholdersD) The Board of Directors
Answers (1)
Which of the following is an example of self-interest that attempts to promote the public interest? A mother prevents her children from becoming vaccinated against measles, mumps, and rubella because of fears of autism.
Answers (1)
Employers may require job candidates take a personality test to make sure they are the right fit for their company. true or false
Answers (1)
Which of the following is an illegal marketing practice? A. Premium pricing B. Loss-leader pricing C. Bait-and-switch D. Vertical price fixing E. Prestige pricing
Answers (1)