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On December 1, 2005 Ford made sales to a customer in India and recorded Accounts...

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Accounting

On December 1, 2005 Ford made sales to a customer in India and recorded Accounts Receivable of 10,000,000 rupees. The customer has until March 1, 2006, to pay. The spot rate on December 1, 2005, was $2.30 per 100 rupees. On December 31, 2005, the spot rate was $2.80 per 100 rupees. What is the fair value of the Accounts Receivable on December 31, 2005?

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