Question: The inventory is valued on a FIFO basis. The beginning inventory was / yoquired when the exchange rate was $ 0 . 7 4 8

The inventory is valued on a FIFO basis. The beginning inventory was/yoquired when the exchange rate was $0.7480. The ending inventory was acquired during the last four months of 2024.
Dividends of 50,000 New Zealand dollars were paid on July 1 and December 31.
Describe how the translation gain or loss would be reported in the financial statements.
The inventory is valued on a FIFO basis. The

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