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REFERENCE: Ref.09_03 Car Corp.(a U.S.-Based Company)sold Parts to a Korean Customer on Customer

question 11

Multiple Choice

REFERENCE: Ref.09_03
Car Corp.(a U.S.-based company) sold parts to a Korean customer on December 16,2008,with payment of 10 million Korean won to be received on January 15,2009.The following exchange rates applied:
SHAPE \* MERGEFORMAT
$REFERENCE: Ref.09_03 Car Corp.(a U.S.-based company) sold parts to a Korean customer on December 16,2008,with payment of 10 million Korean won to be received on January 15,2009.The following exchange rates applied: SHAPE \* MERGEFORMAT -SFAS 133 provides guidance for hedges of all the following sources of foreign exchange risk except A) Recognized foreign currency denominated assets and liabilities. B) Unrecognized foreign currency firm commitments. C) Forecasted foreign currency denominated transactions. D) Net investment in foreign operations. E) Deferred foreign currency gains and losses.$
-SFAS 133 provides guidance for hedges of all the following sources of foreign exchange risk except

Definitions:

Accomplished

Having successfully completed or achieved a goal or objective; skilled and capable.

Received

Pertains to goods, services, or payments that have been accepted or taken in by an individual or organization.

Bought

The past tense of buy, referring to the acquisition of goods or services in exchange for money.

Efficiency

Efficiency refers to the ability to accomplish a task or produce a desired outcome with the minimum amount of waste, expense, or unnecessary effort.