RWB Corporation, a U

question 6

Multiple Choice

RWB Corporation, a U.S.based company, bought inventory from a German company on June 5 for 12,000 euros, when $1 was equal to 1.20 euros.The company settled its payable with 12,000 euros on August 4 when $1 was equal to 1.25 euros.RWB's measurement currency is the U.S.dollar.RWB Corporation:

• A)​should record the inventory for $9,600.
• B)​is exposed to an economic loss on the transaction.
• C)​has an economic gain on the transaction.
• D)​should record the inventory for 12,000 euros.

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Definitions:

Audience

A group of listeners or viewers who participate in experiencing or attending an event, such as a performance, lecture, or broadcast.

Dawes Act

An 1887 law aimed at Americanizing indigenous peoples by dividing communal tribal land into individual allotments, leading to significant loss of indigenous lands.

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A societal organization based on tribes or ethnic groups, often highlighting strong loyalty and social ties.