Post, Inc., had a receivable from a foreign customer that is payable in the customer’s local currency. On December 31, 2009, Post correctly included this receivable for 200,000 local currency units (LCU) in its balance sheet at $110,000. When Post collected the receivable on February 15, 2010, the U.S. dollar equivalent was $95,000. In Post’s 2010 consolidated income statement, how much should it report as a foreign exchange loss? LO9

a. $-0-.

b. $10,000.

c. $15,000.

d. $25,000.