A buyer transacted and bought goods from a British company for 9,150 pounds. This was indicated in

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A buyer transacted and bought goods from a British company for 9,150 pounds. This was indicated in the invoice dated December 2, 2024. The buyer paid the invoice on February 1, 2025. Spot rates for a pound on the respective dates were as follows: 12/2/2024 70.00 12/2/2025 71.50 12/31/2024 76.10 12/31/2025 74.30 2/1/2024 72.35 2/1/2025 73.90 At what amount should cash be recorded on the balance sheet date? 676,185.00 679,845.00 696,315.00

Posted Date: May 18, 2024 04:15 PM

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A buyer transacted and bought goods from a British company for 9,150 pounds. This was indicated in

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