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1 On 10 December 2018, the company purchases a machine from a European company for 40.000 on account (payable in 10 days). On 10 December

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On 10 December 2018, the company purchases a machine from a European company for 40.000 on account (payable in 10 days). On 10 December 2018, the exchange rate is 6.00 TL per Euro. On 20 December 2018, the company pays the amount when the exchange rate is 4.00 TL per Euro. The record for 20 December 2018 will include which one of the following? Select one: Debit Foreign exchange loss, 80.000 TL Debit Foreign exchange gain, 80.000 TL No foreign exchange gain or loss Credit Foreign exchange gain, 80.000 TL 17:31 1 17:31

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