Post, Inc , had a receivable from a foreign customer that is payable in the customer 's local currency On December 31, 2013, Post correctly included this receivable for 200,000 local currency units (LCU) in its balance sheet at $110,000 When Post collected the receivable on February 15, 2014, the U S dollar equivalent was $95,000 In Post 's 2014 consolidated income statement , how much should it report as a foreign exchange loss a $ 0 b $10,000 c $15,000 d $25,000

Question: Post, Inc., had a receivable from a foreign customer that is payable in the customer's local currency. On December 31, 2013, Post correctly included this

Post, Inc., had a receivable from a foreign customer that is payable in the customer's local currency. On December 31, 2013, Post correctly included this receivable for 200,000 local currency units (LCU) in its at $110,000. When Post collected the receivable on February 15, 2014, the U.S. dollar equivalent was $95,000. In Post's 2014 , how much should it report as a foreign exchange loss?
a. $-0-.
b. $10,000.
c. $15,000.
d. $25,000.

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