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On December 2, 20x2, Mack purchased goods from a foreign entity at a price of FCU 30,000 when the direct exchange rate was 1 FCU

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On December 2, 20x2, Mack purchased goods from a foreign entity at a price of FCU 30,000 when the direct exchange rate was 1 FCU = $0.80 The account has not been settled as of December 31, 20x2, when the exchange rate has increased to 1 FCU = $0.90. What will Mack report on its 20x2 Income Statement? O A. Accounts Receivable $27,000 OB. Accounts Payable $27,000 OC. Foreign Exchange Loss $3,000 O D.Foreign Exchange Gain $3,000

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