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Assume that the exchange rate of US dollars to euros is $ 1.80 to 1 euro. How much would a US company gain or lose
Assume that the exchange rate of US dollars to euros is $ 1.80 to 1 euro. How much would a US company gain or lose if the company has a 10,000 euro receivable and the exchange rate went to $ 1.75 to 1 euro? 10,000 loss $10,000 gain $500 loss $500 gain
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Accounting Information Systems
Authors: Robert Hurt
2nd Edition
78111056, 978-0078111051
