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Breanna Boutique purchased on credit 51,000 worth of clothing from a British company when the exchange rate was $1.98 per British pound. At the year-end
Breanna Boutique purchased on credit 51,000 worth of clothing from a British company when the exchange rate was $1.98 per British pound. At the year-end balance sheet date the exchange rate increased to $2.77. With respect to this liability, Breanna Boutique must record a (Do not round your intermediate calculations)
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