A USfirm Has Purchased, for 50,000 FC, an Electric Generator from from a Foreign

question 74

Multiple Choice

A U.S.firm has purchased, for 50,000 FC, an electric generator from a foreign firm.The exchange rates were 1 FC = $0.80 on the delivery date and 1 FC = $0.76 when the payable was paid.What is the final recorded value of the equipment if the two-transaction method is used?

• A)​$40,000
• B)$38,000​
• C)​$42,000
• D)​$50,000

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Definitions:

Random Access Files

Files that allow data to be read or written in any order, as opposed to sequential access where data is read in order.

Offset Value

Refers to the distance or difference in location, often used in computing to specify the position of a data item within a data structure.

Fwrite()

A function in many programming languages used for writing data to a file.