Foreign Currency Fluctuations and Revenue Boeing Corporation has considerable no

Question

Foreign Currency Fluctuations and Revenue Boeing Corporation has considerable non-U.S. operations. The table below shows Boeing's 2015 revenue by geographic segment along with related exchange rates at the beginning and end of the year The exchange rates represent the foreign currency equivalent of SI LO4 Boeing Corporation (BA) USD Revenue USD exchange rate Strengthened Effect (Weakened) Year ended December 31, 2015 ($ millions) Revenue 01/01/15 12/31/15 0.7063 0.9203 6.4952 3.6729 4.3044 1.3847 11.5642 15.5159 14.7414 17.2494 0.7543 0.8266 6.2025 3.6729 3.5046 1.1618 12,248 12,556 Europe .. 2,601 1,870 1,398 1,875 56,827 39,287 $96,114 Required b. How would the foreign exchange gain or loss that was computed affect net income?

Explanation / Answer

b) Foreign exchange loss of 2312.92 will have negative impact on income. it will reduced our netincome and also reduce tax payable.

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.