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On January 1, 2020, Pharma Co., a UK based company, borrowed 100,000 euros from a foreign bank by signing an interest bearing note due March
On January 1, 2020, Pharma Co., a UK based company, borrowed 100,000 euros from a foreign bank by signing an interest bearing note due March 31, 2021, The value in UK, ponds of the loan was as follows Date Amount January 1, 2020 K65000 December 31, 2020 110000 March 31, 2021 125000 How much foreign exchange gain or loss should be included in Pharma's 2020 income statement? OA E125000 OB. E45000 OC 110000 OD. 65000
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