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1. ( 25pts ) Shannon Company sells on September 1,2022 inventory to a German purchaser. The price of the equipment is 200,000 and the bill

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1. ( 25pts ) Shannon Company sells on September 1,2022 inventory to a German purchaser. The price of the equipment is 200,000 and the bill will be settled in Euros. Shannon enters into a forward contract to sell the acquired Euros on March 1 at the 180 day forward rate

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