Using the information provided in Exercise 2. Calculate Majikstan Enterprises net monetary gain or loss in local

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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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International Accounting

ISBN: 9780136111474

7th Edition

Authors: Frederick D. Choi, Gary K. Meek

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