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Listed below are current asset items for Lester Company at December 31, 2010.
Instructions
Prepare the current assets section of the balance sheet. (Include a complete heading.)
Exporters
Companies or individuals that sell goods and services produced in one country to buyers in other countries.
Foreign Exchange Market
The market where one country’s currency is traded for another’s.
Spot Exchange Rate
The exchange rate on a spot trade.
Forward Exchange Rate
The agreed-on exchange rate to be used in a forward trade.
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