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

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

A) $1,000 gain.

B) $1,000 loss.

C) $2,000 gain.

D) $2,000 loss.

E) $8,000 loss.

Answer: D

What do you think?

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How much foreign exchange gain or loss should be included in Shannon’s 2017 income statement

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