Answer:
d. Been denominated in U.S. dollars.
Explanation:
If Mild's 20X4 operating income included no foreign exchange transaction gain or loss, then the transaction could have been denominated in U.S dollars.
Furthermore, if it was denominated in U.S. dollars, there is no foreign exchange gain or loss for Mild.
Hence, there would be a gain or loss for Grund.
The value of the dollar can influence the cost of gold. In actuality, gold serves as both a currency and a commodity.
<h3>What distinguishes gold from currency?</h3>
When it comes to wealth storage, gold may be much more effective than cash. According to CNN Money, your money in the bank "earns essentially nothing" because interest rates are still low. That cash might really be worth less now that inflation has been taken into consideration. It is well known that gold has a long history of stability.
<h3>Why is gold regarded as currency?</h3>
Gold is a form of money in a free market. A price for gold exists, and that price will change in relation to other mediums of exchange like the US dollar, euro, and yen.
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Answer:
$2,700
Explanation:
The computation of the unearned service revenue balance reported on the February 28 balance sheet is shown below:
= Total cash received - expired service revenue
= $3,600 - $900
= $2,700
The expired service revenue is
= Received amount ÷ number of months
= $3,600 ÷ 4 months
= $900
It is come by deducting the expired service revenue from the total cash received so that the balance could come
Answer: Currency is converted to common currency, GDP is divide by population and compare GDP per Capita
Explanation:
GDP is measured in a countries currency. When Comparing a GDP of one country to the GDP of another country currency is converted into a common currency. Currency can be converted using exchange rate. the GDP of one country will then be expressed in the currency of another country using the exchange rate.
Some countries have a high number of population than others, for example China has more people than Mexico. therefore measure GDP and The standard of living between countries GDP will need to be divided by population which will give us GDP per capita which measures the standard of living by showing the GDP per person
Answer:
False
Explanation:
The internal users of financial information are those people with an organisation that makes use of financial information.
they include :
- The board of directors
- Employees
- Managers.
The external users of financial information are those who aren't within an organisation that makes use of financial information.
They include :
- Investors
- Lenders
- Government
- Regulatory bodies
External users of financial information use financial information in making decisions of whether to invest in or lend to a company