PT A has foreign currency balances as of December 31, 2015 as follows: Account name Foreign currency Balance as of December 31, 2015 Bank USD 100 Rp 1.100.000 Account Receivable USD 200 Rp 2.200.000 Account Payable USD 300 Rp 3.300.000 Capital Stock USD 400 Rp 4.400.000 (according to the deed) Required Compute and make adjusting entries on arising if the BI middle rate on December 31, 2015 was 1 USD is Rp 12,000!

15.Which of the following is/are considered as trade receivables?I.   Claims from customers for merchandise soldII.  Claims from employees representing cash advancesIII. Claims from employees representing selling price of goods sold under normal credit termsIV.  Dishonored customer's noteV.  Customer's accounts on which post-dated checks are heldVI. Receivables arising from subscription to the company's share capital     a. I, II, III and V b. I, III and V c. I, III, IV and V d. I and III

accounting   When a company makes a sale on credit, what does the account receivable represent on its balance sheet?

17 - Which of the following account should be recorded as a creditor in the inventory record to be made based on the valuation of the notes receivable with their savings value at the end of the period ?    a) 657 Rediscount Interest Expenses Hs.  B) 128 Doubtful Trade Receivables Hs.  NS) 654 Provision Expenses Hs.  D) 122 Rediscount of Bills Receivable Hs.  TO) 647 Rediscount Interest Income Hs.

Which of the following is classified as current non-trade receivabke? A. Advances to affiliates B. Supplier's debit balances C. Accounts receivable D. Customers's credit balance

Singletary Associates has accounts receivable due from normal credit customers and also has an account receivable due from a director of the company. Singletary would like to combine both of those receivables on one line in the current assets section of their balance sheet and in the disclosure notes. Is that permissible under U.S. GAAP? Under IFRS? Explain.

On September 30, 2020, Peace Frog International (PFI) (a U.S.-based company) negotiated a two- year, 1,600,000 Chinese yuan loan from a Chinese bank at an interest rate of 4 percent per year. The company makes interest payments annually on September 30 and will repay the principal on September 30, 2022. PFI prepares U.S. dollar financial statements and has a December 31 year- end. Relevant exchange rates are as follows: U.S. Dollar per Chinese Yuan ( CNY) $0.160 Date September 30, 2020 December 31, 2020 September 30, 2021 December 31, 2021 September 30, 2022 0.165 0.180 0.185 0.210 a. Prepare all journal entries related to this foreign currency borrowing. b. Taking the exchange rate effect on the cost of borrowing into consideration, determine the effective interest rate in U.S. dollars on the loan in each of the three years 2020, 2021, and 2022.

Which of the following statements is true? Group of answer choices Companies typically report gross receivables on the balance sheet and disclose net receivables and the allowance for uncollectible accounts in the notes to the financial statements. Companies typically report net receivables on the balance sheet and disclose gross receivables and the allowance for uncollectible accounts in the notes to the financial statements. Companies typically report gross receivables and the allowance for uncollectible accounts on the balance sheet and disclose net receivables in the notes to the financial statements. Companies typically report net receivables and the net allowance for uncollectible accounts on the balance sheet and disclose gross receivables in the notes to the financial statements.

19 - What is the payment method in which the goods are sent to the buyer without payment by the exporter company and the cost of the goods is paid within the predetermined term?A) Payment with Acceptance CreditB) Payment Against GoodsC) Pre-financing PaymentD) Policy PaymentE) Cash Against Documents