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Gkin Co., a US corporation, sold inventory on credit to a British company on March 8, 2020. Gain received payment of 35,000 tirish pounds on
Gkin Co., a US corporation, sold inventory on credit to a British company on March 8, 2020. Gain received payment of 35,000 tirish pounds on March 8, 2020. The exchange res 1 $1.54 on March 8 and 1-1.43 on April 8 What amount of foreign exchange gain or loss should be recognized? (round to the nearest dollar) OA $10,500 gain OB. $1,750 loss OC. No gain or loss should be recognized OD. $3,850 loss
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