Assume that on Jan 15, 2026, MAK enters into a contract to purchas us 500,000 for c$550,000 for delivery on Jan 15, 2027. the contract is not hedge. the exchange rate at MAK dec 31, 2026 year end was us$1=c$0.95. and Jan 15,2027 exchange rate is us$1=c$0.97. what is the foreign exchange gain or loss recognized at year end?

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To calculate the foreign exchange gain or loss recognized at yearend we need to compare the Canadian ... View the full answer