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Exercise (1) Assume that on March 1,2020 Eximco U.S company sells goods to a Spanish customer at a price of 1 million euros () when

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Exercise (1) Assume that on March 1,2020 Eximco U.S company sells goods to a Spanish customer at a price of 1 million euros () when the spot exchange rate is $1.50 per euro. Eximco allows the Spanish customer to pay for its purchase on May 1, 2020, at that date the euro exchange rate to USD is , $1.48. - How should Eximco account for this transaction

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