Assume That Aero Agrees to Purchase US$50,000 for C$52,000 on January

question 20

Multiple Choice

Assume that Aero agrees to purchase US$50,000 for C$52,000 on January 15,2013.The exchange rate at year end is US$1 = C$0.98 and the January 15,2013 exchange rate is US$1 = C$0.97.What journal entry is required at Jan 15,2013?

• A)$500 loss.
• B)$500 gain.
• C)$3,500 loss.
• D)$3,500 gain.

---

Definitions:

Condoms

Barrier devices used during sexual intercourse to reduce the risk of sexually transmitted infections and prevent pregnancy.

STIs

STIs, or Sexually Transmitted Infections, are infections that are primarily spread through sexual contact, including vaginal, anal, and oral sex.

Unplanned Pregnancy

A pregnancy that was not intended or planned before conception.

Barrier Methods

Forms of contraception that physically block sperm from reaching an egg, such as condoms or diaphragms.