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company's year-end. Payment of HK $1,000,000 is made to the supplier on February 1, 2024, when the spot rate is $0.123. What is the effect

image text in transcribed company's year-end. Payment of HK $1,000,000 is made to the supplier on February 1, 2024, when the spot rate is $0.123. What is the effect of exchange gains and losses on 2023 and 2024 income? Select one: h d

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