Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

تمرين 44

Assume that a U.S. company makes a purchase from a British company and agrees to pay a price of £2 million.
a. How will the U.S. company determine the cost of this purchase for the purpose of recording it in its accounting records?
b. Briefly explain how the U.S. company can arrange for the payment of pounds to the British company.