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d 34 ut of Christmas Candy Store purchases candy canes from its foreign supplier, Las Minas de Mentas, on December 8. Payment of 1,500,000 foreign
d 34 ut of Christmas Candy Store purchases candy canes from its foreign supplier, Las Minas de Mentas, on December 8. Payment of 1,500,000 foreign currency units (FCUs) is due in 30 days. The store's fiscal year-end is December 31. Pertinent exchange rates are as follows: December 8 $1.16 question December 31 January 7 $1.18 $1.12 How much foreign exchange gain or loss should Christmas Candy Store record on December 31? O a. $30,000 gain O b. $60,000 gain O c. $60,000 loss O d. $30,000 loss
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