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You are considering an investment in a new start-up company, Steamboat IQ Inc., an Internet service provider. A review of the company's financial statements reveals a negative retained earnings. In addition, it appears as though the company has been running a negative cash flow from operating activities since the company's inception. How is the company staying in business under these circumstances? Could this be a good investment?
what amount of gain or a loss did she experience on the 50,000 pesos she held during her visit and converted to u.s. dollars at the departure date?
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