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Marshall Company sold supplies in the amount of 25,000 (euros) to a French company when the exchange rate was $1.21 per euro. At the time
Marshall Company sold supplies in the amount of 25,000 (euros) to a French company when the exchange rate was $1.21 per euro. At the time of payment, the exchange rate decreased to $0.82. Marshall must record a: Multiple Choice gain of $9,750. gain of $20,500. loss of $9,750. loss of $20,500. neither a gain nor loss.
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