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What gain or loss would the US firm record

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Question - A U.S. manufacturer has sold goods to a foreign firm for a sale price of 80,000 FC on 15/12/2019. The invoice is due 25/02/2020. The U.S. Firm fiscal year is 31/12. Given the following exchange rates:-

15/12/2019 1FC = $0.60 US Dollars

31/12/2019 1FC = $0.65 US Dollars

25/02/2020 1FC = $0.63 US Dollars

What gain or loss would the U.S. firm record on 25/02/2020?

Reference no: EM132606370

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