21. An accountant needs to convert financial transactions completed in a foreign currency to U.S. dollars. Calculate
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21. An accountant needs to convert financial transactions completed in a foreign currency to U.S. dollars. Calculate the values of each of the following transactions using the conversion rate provided.
Foreign Transaction Conversion U.S. Dollar Currency Amount Rate Value Brazilian Real 96,054 BRL 1/0.46 USD EU Euro 182,250 EUR 1/1.27 USD Mexican Peso 23,295 MXN 1/0.092 USD Chinese Yuan 965,880 CNY 1/0.125 USD
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