- The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
- Assignments submitted through email will not be accepted.
- Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
- Students must mention question number clearly in their answer.
- Late submission will NOT be accepted.
- Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
- All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
- Submissions without this cover page will NOT be accepted. â€“
Dissuasion Board Question
On November 30, 20×5, Bow Company received with a cost denominated in pounds. During December 20×5 the dollarâ€™s value declined relative to the pound. Bow believe that the original exchange rate will be restored by the time payment is due in 20×6.
- State how Bow should report the impact, if any, of the changes in the exchange rate of the dollar and the pound on its 20×5 financial statement.
- Explain why reporting is appropriate?