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2. Marx Corp has a FC 6,000 Accounts Payable on both February 28, 2022 and March 31, 2022. The following exchange rates were in effect
2. Marx Corp has a FC 6,000 Accounts Payable on both February 28, 2022 and March 31, 2022. The following exchange rates were in effect on those dates: February 28, 2022: 1 US. = .25FC 1 US= .4FC March 31, 2022: What is the amount of FX gain or loss for the month ended March 31, 2022. Your answer should be a $ amount, followed by the words FX Gain or FX Loss. Answer: Journal entry Dr. Cr
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Cima Learning System Management Accounting Performance Evaluation Edition
Authors: Robert Scarlett
4th Edition
0750684305, 978-0750684309
