=+2. You are informed that the rates of exchange between the US dollar and the Euro were
Question:
=+2. You are informed that the rates of exchange between the US dollar and the Euro were as follows:
Through 20X3 and on 31 December 20X3 $3 to €1 31 December 20X4 $5 to €1 Average in 20X4 $4 to €1 Average at date of acquisition of Quickbuck inventory held 31 December 20X4 $4.8 to €1
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Jehal Shah
I believe everyone should try to be strong at logic and have good reading habit. Because If you possess these two skills, no matter what difficult situation is, you will definitely find a perfect solution out of it. While logical ability gives you to understand complex problems and concepts quite easily, reading habit gives you an open mind and holistic approach to see much bigger picture.
So guys, I always try to explain any concept keeping these two points in my mind. So that you will never forget any more importantly get bored.
Last but not the least, I am finance enthusiast. Big fan of Warren buffet for long term focus investing approach. On the same side derivatives is the segment I possess expertise.
If you have any finacne related doubt, do reach me out.
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Related Book For 
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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