or Chapter 9 due Sep 25 @ 4:00pm Help Save & Brief, Inc., had a receivable from a foreign customer that is payable in the customer's local currency. On December 31, 2017, Brief correctly included this receivable for 377,500 local currency units (LCU) in its balance sheet at $290,000. When Brief collected the receivable on February 15, 2018, the U.S. dollar equivalent was $301,200. In Brief's 2018 consolidated income statement, how much should it report as a foreign exchange gain? Multiple Choice 0 $0 0 $27900 0 O $16.200 0 $11.200 Prev 1 of 32 Next >