Williams, Inc

question 67

Multiple Choice

Williams, Inc., a U.S. company, has a Japanese yen account receivable resulting from an export sale on March 1 to a customer in Japan. The exporter signed a forward contract on March 1 to sell yen and designated it as a cash flow hedge of a recognized receivable. The spot rate was $.0094, and the forward rate was $.0095. Which of the following did the U.S. exporter report in net income?

• A) Discount revenue.
• B) Premium revenue.
• C) Discount expense.
• D) Premium expense.
• E) Both a discount revenue and a premium expense.

---

Definitions:

Opinionated

Having, expressing, or characterized by strong beliefs or judgments about something, often without regard to evidence or other people's views.

Motivated

Having a strong drive or incentive to accomplish a task, goal, or objective, often driven by internal or external factors.

Open Membership

A policy allowing anyone interested to join a group or organization without restrictions or prerequisites.

Cohesive

Possessing the ability to stick together or form a unified whole, often referring to the unity or bond within a group or organization.