What functional area dominates the accounting profession in Germany?

Which statement is false concerning insurance company regulations?

A. Insurers may not advertise their membership in the Guarantee Association. B. An insurer suffering from an impairment of their minimum required paid-in capital is labeled solvent. C. The commissioner may begin conservation proceedings against companies who cannot meet solvency regulations. D. An insurer may be liquidated if conservation proves to be futile.

Ulysses Company purchases goods from China amounting to 372,372 Yuan (the transaction is denominated in the Chinese Yuan). Assume the Yuan is trading at $0.154 at the date the goods are ordered, and the Yuan is trading at $0.155 at the date the goods are

received. When the invoice is paid a month later, the Yuan is trading at $.156. Assume all three dates are in the same fiscal year. Which of the following is true? A) The entry to record the payment will include a gain of $744.74. B) The entry to record the payment will include a gain of $372.37. C) The entry to record the purchase will include a credit to Accounts Payable of $57,345.29. D) The entry to record the purchase will include a credit to Accounts Payable of $57,717.66.