Question: 3 Post, Inc., had a receivable from a foreign customer that is payable in the customer's local currency. On December 31, 2015, Post correctly included

3 Post, Inc., had a receivable from a foreign customer that

is payable in the customer's local currency. On December 31, 2015, Post

3 Post, Inc., had a receivable from a foreign customer that is payable in the customer's local currency. On December 31, 2015, Post correctly included this receivable for 432,500 local currency units (LCU) in its balance sheet at $150,000. When Post collected the receivable on February 15, 2016, the U.S. dollar equivalent was $128,300. In Post's 2016 consolidated income statement, how much should it report as a foreign exchange loss? 00:34:37 Multiple Choice $36,170. $21,700 $14,470 $0

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