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Amazing Corporation, a U.S. enterprise, sold the product to a customer in Wales on October 1, 20x1 for 200,000 with payment required on April 1,

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Amazing Corporation, a U.S. enterprise, sold the product to a customer in Wales on October 1, 20x1 for 200,000 with payment required on April 1, 20x2. Relevant exchange rates are: The discount factor corresponding to the company's incremental borrowing rate for 3 months is 0.94 . Assuming that Amazing Corporation does not hedge this transaction, what is the amount of exchange gain or loss that it should show on its December 31, 201 income statement? Gain $2,000 Loss $2,000 Gain $6,000 Loss $6,000

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