The Following Information Refers to Questions

question 58

Multiple Choice

The following information refers to questions
On July 1,2012 CDN purchased inventory from its main U.S.supplier RNB Enterprises at a cost of $1,000 U.S dollars.CDN's year end is on July 31.
Some important dates regarding this transaction,as well as the exchange rates in effect at each of these dates are shown below:
-At what amount would CDN record its Inventory purchase from RNB at the time of purchase?

• A)$820 U.S.
• B)$820 CDN.
• C)$810 CDN.
• D)$805 CDN.

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Definitions:

Price of Movie Tickets

The amount of money charged for admission to a movie screening.

Substitute

An alternative product or service that consumers can turn to if the original product or service becomes unavailable or too expensive.

Ambiguous Effect

An ambiguous effect refers to an outcome or result that is unclear or can have multiple interpretations, often leading to uncertain impacts in economic analyses.

Substitute

An alternative product or service that can replace another in satisfying consumer needs or wants.