Question: Using the information provided in Exercise 2. Calculate Majikstan Enterprises net monetary gain or loss in local currency for 2011 based on the following general

Using the information provided in Exercise 2. Calculate Majikstan Enterprises’ net monetary gain or loss in local currency for 2011 based on the following general price-level information.
12/31/10 ....... 30,000
Average ....... 32,900
12/31/11 ....... 36,000

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