Question: A company has an account receivable from a U S customer

A company has an account receivable from a U.S. customer, for US$100,000. The receivable arose when the exchange rate was US$1 = Cdn$1.08. At year-end, the rate is US$I = S1.01. What amount of total exchange gain or loss will the company report for the year?


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  • CreatedAugust 20, 2015
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