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Compute the transaction gain or loss

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Question 1: A firm carried a receivable for 100,000 yen. Assuming that the direct exchange rate declined from 33THB/100 yen at the date of transaction to 30THB/100 yen at the date stated on the statement of financial position, compute the transaction gain or loss. What balance would be reported for the receivable in the firm's statement of financial position?

Reference no: EM132615171

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