Day 1 Flashcards
1
Q
Explain: using the direct method for quoting an exchange rate
A
Quoting the domestic price of ONE unit of the foreign currency
Ex: British retailer to USD = .63 British Pound to $1 USD
MCQ-07414
2
Q
A transaction of foreign currency is recorded at the ____ on the date of the transaction?
A
Spot Rate
MCQ-07221
3
Q
Formula: Earnings per Share
A
Income available to Common SHs / Weighted Average Common Stock Outstanding
MCQ-06578
4
Q
Under the cost method, Treasury stock transactions include:
A
Only the reissuance NOT the APIC from the original issuance
MCQ-05228
