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What amount should be included as a foreign exchange gain or loss from the two transactions for 2018

What amount should be included as a foreign exchange gain or loss from the two transactions for 2018?

A) $2,000 loss.

B) $2,000 gain.

C) $10,000 gain.

D) $14,000 loss.

E) $ 14,000 gain.

Answer: C

What do you think?

Written by Homework Lance

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How much foreign exchange gain or loss should be included in Shannon’s 2018 income statement

What amount should be included as a foreign exchange gain or loss from the two transactions for 2019