Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

Exercise 31

Acme Corporation (a U.S. company located in Sarasota, Florida) has the following import/ export transactions in 2013:


For each of the following accounts, how much will Acme report on its 2013 financial statements
a. Inventory.
b. Cost of Goods Sold.
c. Sales.
d. Accounts Receivable.
e. Accounts Payable.
f. Cash.