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The exposed liability is the unsettled accounts payable of 1,000,000 yens as of the balance sheet date of December 31, x8. Since the transaction has not been settled, the unsettled payable is remeasured at the closing spot rate of P0.23 per yen, resulting in an exposed liability of P230,000. 20. Answer is (D) The exposure is the unsettled payable of 1,000,000 yens as of December 31, x8 balance sheet date. Since the transaction has not been settled, the unsettled payable is remeasured at the closing spot r

Author

Aira Mugal Owar

Language

EN