Question: On June 1 , Brad, Inc., a U . S . company, received an order for goods from a Japanese customer for 3 0 0

On June 1, Brad, Inc., a U.S. company, received an order for goods from a Japanese customer for 300,000 yen. Brad is to be paid in yen in 90 days. The dollar strengthened against the yen throughout June, July, and August. At the end of August, Brad had a(n)
Group of answer choices
no exchange gain or loss.
exchange loss.
exchange gain.

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