题目
题目

Dashboard Practice Quiz 1 - Accounting for foreign currency transactions

单项选择题

For a company that has A$ as its functional currency, which of the following is not a foreign currency transaction?

选项
A.a. equipment sold at prices denominated in Japanese Yen.
B.b. inventory sold to a customer in Hong Kong who pays in A$.
C.c. borrowing funds where amounts are payable in NZ$.
D.d. the company in China sold to a customer in Japan invoiced in A$
E.e. b and d.
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思路分析
We start by restating the question and listing the options to evaluate each one. Option a: 'equipment sold at prices denominated in Japanese Yen.' Since the denominated currency is Japanese Yen, which is different from the company’s functional currency (A$), this is indeed a foreign currency transaction. Option b: 'inventory sold to a customer in Ho......Login to view full explanation

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