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A U.S. firm has purchased, for 50,000 FC, an electric generator from a foreign firm. The exchange rates were 1 FC = $0.80 on the

A U.S. firm has purchased, for 50,000 FC, an electric generator from a foreign firm. The exchange rates were 1 FC = $0.80 on the delivery date and 1 FC = $0.76 when the payable was paid. What is the final recorded value of the equipment if the two-transaction method is used? a. $42,000 b. $40,000 c. $50,000 d. $38,000

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