On 1 July 20X2, a company bought an investment in IBM bonds at par for US$ 50,000

Question:

On 1 July 20X2, a company bought an investment in IBM bonds at par for US$ 50,000 when the was US$ 1 = Cdn$ 1.12. The investment is classified as FVTPL. The company paid cash on the acquisition date. At 31 December, the was US$ 1 = Cdn$ 1.09. The fair value was US$ 52,000. Prepare journal entries to record the purchase of bonds and any adjusting entries at year-end. Disregard any interest accrual. Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...