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Question 15

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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: 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:   -What was the amount paid to RNB by CDN at the settlement date? The one-transaction method was dropped according to an earlier version of the text around 2005. A) $820 U.S. B) $820 CDN. C) $810 CDN. D) $805 CDN.
-What was the amount paid to RNB by CDN at the settlement date?
The one-transaction method was dropped according to an earlier version of the text around 2005.


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

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