If a USCompany Purchases Inventory on Account for $32,000 Euros from a from a British

question 4

Multiple Choice

If a U.S.Company purchases inventory on account for $32,000 euros from a British Company when the exchange rate is $1 to $1.28 euros, how would the British Company recognize the sales revenue and the accounts receivable?

• A)​sales revenue of $32,000 and accounts receivable of $32,000
• B)​sales revenue of $25,000 and accounts receivable of $25,000
• C)​sales revenue of $32,000 and accounts receivable of $25,000 with a $7,000 foreign currency translation loss
• D)​sales revenue of $25,000 and accounts receivable of $32,000 with a $7,000 foreign currency translation gain

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Definitions:

Randomized Block Experiment

An experimental design that groups participants into blocks based on certain characteristics before randomly assigning them to treatments, improving the experiment's accuracy by reducing variance.

Ordinal

Pertains to a categorical ranking where the order among values is significant but not the distance between them.

Interval

A range between two numbers or points, often used to specify the precision of an estimate or the coverage of a dataset.

Kruskal-Wallis Test

The Kruskal-Wallis Test is a non-parametric statistical test used to determine if there are statistically significant differences between two or more groups of an independent variable on a continuous or ordinal dependent variable.