Exchange Rate Differences
Quiz
•
Business
•
Professional Development
•
Practice Problem
•
Medium
Netalie Ronen
Used 5+ times
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7 questions
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1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
1. Finance assets/liabilities include :
Cash
Receivables
Share Capital
Bank Loans
Inventory
2.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
2. TRUE/FALSE:
In Sweden, ex. rate differences account is created only in SEK
TRUE
FALSE
3.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
3. Tama Canada purchased an inventory for 100 EUR.
Functional currency is CAD.
Ex. rate of the invoice = 1.44 EUR/CAD
Ex. rate of the payment = 1.54 EUR/CAD
TRUE/FALSE: The company has an ex. rate loss from this purchase
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3.1 The finance item in this transaction is :
Inventory
Supplier Liability
Payment
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3.2 What is the income / loss amount ?
Income of 0.10 CAD
Loss of 10 CAD
Income of 10 EUR
Loss of 100 EUR
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is unrealized ex. rate diff ?
Ex. rate between the rate of the invoice date and the payment date
Ex. rate between the rate of the invoice date and the end of month date before the payment
Ex. rate at the date of the payment x paid amount
7.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
Tama Australia purchases goods from European Supplier in EUR.
Tama RMW pays the EUR amount to the supplier.
Tama Australia pays to Tama RMW the converted amount in AUD.
TRUE/FALSE: Tama Australia is exposed to EUR-AUD rate changes.
TRUE
FALSE
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