题目内容

Shiplake Co, operating in the US, only sell goods imported from, and remit the proceeds directly to its parent company (reporting entity’s) in China. When the exchange rate between China and the US changes, it will not affect the reporting entity’s net investment in that operation of Johnson.

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A coffee company (Customer) enters into a contract with an airport operator (Supplier) to use a space in the airport to sell its goods for a three-year period. The contract states the amount of space and that the space may be located at any one of several boarding areas within the airport. Supplier has the right to change the location of the space allocated to Customer at any time during the period of use. There are minimal costs to Supplier associated with changing the space for the Customer: Customer uses a kiosk (that it owns) that can be moved easily to sell its goods. There are many areas in the airport that are available and that would meet the specifications for the space in the contract. Therefore, the contract does not contain a lease.

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