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On January 1, 2020, Corgan Company acquired 70 percent of the outstanding voting stock of Smashing, Inc , for a total of $840,000 in cash and other consideration
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On April 1, 2020, Shannon Company, a U S company, borrowed 100,000 euros from a foreign bank by signing an interest-bearing note due April 1, 2021 The dollar value of the loan was as follows: Amount $ 97,000 Date April 1, 2020 December 31, 2020 April 1, 2021 103,000 105,000 How much foreign exchange gain or loss should be included in Shannon's
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The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2020, the last day of its fiscal year The enterprise fund was established this year through a transfer from the General Fund
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On November 1, 2020, Cheng Company (a U S -based company) forecasts the purchase of goods from a foreign supplier for 100,000 yuan Cheng expects to receive the goods on April 30, 2021, and make immediate payment
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