Question: Is this correct? FCT Method Net monetary position USD Rate CAD Balance, Jan 1st 2023 -15,000 1.325 19,875 Changes - 2023 Sales 50,000 1.335 66,750
Is this correct?
FCT Method Net monetary position USD Rate CAD Balance, Jan 1st 2023 -15,000 1.325 19,875 Changes - 2023 Sales 50,000 1.335 66,750 Purchases -25,000 1.335 -33,375 Other expenses -3,000 1.335 -4,005 Dividends -10,000 1.35 -13,500 Calculated monetary position, Dec 31st 2023 -3,000 -4,005 Actual monetary position, Dec 31st 2023 -3,000 1.35 -4,050 Exchange Loss - 2023 45Step by Step Solution
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