Question: What is the current foreign exchange gain Sept. 30? Peerless Corporation (a U.S. company) made a sale to a foreign customer on September 15, for
What is the current foreign exchange gain Sept. 30? Peerless Corporation (a U.S. company) made a sale to a foreign customer on September 15, for 100,000 crowns. It received payment on October 15. The following exchange rates for 1 crown apply:
| September 15 | $0.60 |
| September 30 | 0.66 |
| October 15 | 0.62 |
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