Steeplechase Co sold a machine to a Greek company which it agreed to invoice in €. The sale was made on 1 October 20X6 for €250,000. €125,000 was received on 1 November 20X6 and the balance is due on 1 January 20X7.The exchange rate moved as follows:1 October 20X6 - €0.91 to $1 1 November 20X6-€0.95 to $1 31 December 20X6 - €0.85 to $1At what amount will the receivable be shown in the financial statements at 31 December 20X6? A: $147,059 B: $137,363 C: $131,579 D: $130,586

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2022-06-12

Steeplechase Co sold a machine to a Greek company which it agreed to invoice in €. The sale was made on 1 October 20X6 for €250,000. €125,000 was received on 1 November 20X6 and the balance is due on 1 January 20X7.The exchange rate moved as follows:1 October 20X6 - €0.91 to $1 1 November 20X6-€0.95 to $1 31 December 20X6 - €0.85 to $1At what amount will the receivable be shown in the financial statements at 31 December 20X6? A: $147,059 B: $137,363 C: $131,579 D: $130,586

Steeplechase Co sold a machine to a Greek company which it agreed to invoice in €. The sale was made on 1 October 20X6 for €250,000. €125,000 was received on 1 November 20X6 and the balance is due on 1 January 20X7.The exchange rate moved as follows:1 October 20X6 - €0.91 to $1 1 November 20X6-€0.95 to $1 31 December 20X6 - €0.85 to $1At what amount will the receivable be shown in the financial statements at 31 December 20X6?
A: $147,059
B: $137,363
C: $131,579
D: $130,586

答案：

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