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Assume that on January 15 2026, ABC signs a contract to purchase$100,000 for C$ 117,000 for for delivery on January 15 2027. The contract is

Assume that on January 15 2026, ABC signs a contract to purchase$100,000 for C$ 117,000 for for delivery on January 15 2027. The contract is not Hedge. The exchange rate at Singh is December year end is $1= C$1.20 and the January 2027 rate is $1 = C$1.19. 


What is the foreign exchange aim or loss recognized at December 31 2026?

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