Convert amount to dollars using yen-dollar exchange rate
Assume that you were in Tokyo every New Year's from January 1, 2005, to this year and bought a bento (box lunch) for 1000 yen each year. Convert this amount to dollars using the yen-dollar exchange rate for each January since 2005.
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Mar. 2 Issued 5,000 shares of $1 par value common stock to attorneys in payment of a bill for $30,000 for services provided in helping the company to incorporate.
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Ester's Bunny Barn has experienced a $40,000 loss due to tornado damage to their inventory. Tornados have never before occurred in this area. Assuming that the company's tax rate is 30%, what amount will be reported for this loss on the income sta
January 1, 2005, to this year and bought a bento (box lunch) for 1000 yen each year. Convert this amount to dollars using the yen-dollar exchange rate for each January since 2005.
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