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Cob Inc. purchased inventory for 200,000 pounds from an English company on November 30, 2020. Payment in pounds was due on January 30, 2021. Exchange

Cob Inc. purchased inventory for 200,000 pounds from an English company on November 30, 2020. Payment in pounds was due on January 30, 2021. Exchange rates to purchase 1 pound were as follows: Spot Ra...

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