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Krisco Bricks purchases raw material from its foreign supplier, Olivian Clay, on May B. Payment of 2,000,000 foreign currency units (FC) is due in 30
Krisco Bricks purchases raw material from its foreign supplier, Olivian Clay, on May B. Payment of 2,000,000 foreign currency units (FC) is due in 30 days: May 31 in Kurs fecal year end. The pertinent exchange rates were as follows Date Exchange Rate May 8 Spot rate 1.25 May 31 Spot rate 1.26 June 7 Spot rate 1.20 For what amount should Krisco's Accounts Payable be credited on May 871 OA $2,500,000 OB. $1,666,667 Oc. $1,600,000. OD. $2,440,000. Question 10
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