Average Rate of Return Equals Estimated Average Annual Income Divided

question 61

True/False

Average rate of return equals estimated average annual income divided by average investment.

Prepare journal entries for sales transactions and forward contracts in the context of a cash flow hedge.

Understand the concept and application of spot rates in foreign currency transactions.

Interpret the impact of foreign currency transactions on accounts receivable and payable.

Determine how to record separate transactions under the two-transaction perspective in foreign currency accounting.