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1. ABC purchased inventory from XYZ, a company in Canada, for C$70,000 on May 10, 2022. Payment was made on August 20, 2022. Additionally, on

1. ABC purchased inventory from XYZ, a company in Canada, for C$70,000 on May 10, 2022. Payment was made on August 20, 2022. Additionally, on May 10, ABC entered into a 90-day forward contract to purc...

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