Assume that a foreign operation has the following position at the beginning of the period: $US Assets

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Assume that a foreign operation has the following position at the beginning of the period:

$US

Assets

500 000

Liabilities

300 000

The foreign operation has no transactions for the period.The exchange rates for the period are:

Beginning

A$1 = $US0.67

Ending

A$1 = $US0.61

What is the net gain or loss for the period?

A.Gain A$29 362

B.None of the given answers.

C.Gain A$44 043

D.Gain US$29 362

E.Loss A$29 362

Posted Date: Jun 14, 2024 04:04 AM

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Assume that a foreign operation has the following position at the beginning of the period: $US Assets

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