Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

Exercise 12

Acme Corporation (a U.S. company located in Sarasota, Florida) has the following import/ export transactions in 2015:

For each of the following accounts, how much will Acme report on its 2015 financial statements
a. Inventory.
b. Cost of Goods Sold.
c. Sales.
d. Accounts Receivable.
e. Accounts Payable.
f. Cash.