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On November 2, 2023, when the spot rate is $0.207/BRL, a company sells merchandise priced at BRL 100,000 to a customer in Brazil. The spot

On November 2, 2023, when the spot rate is $0.207/BRL, a company sells merchandise priced at BRL 100,000 to a customer in Brazil. The spot rate is $0.221 on December 31, the company's year-end. Payment of BRL 100,000 is received from the customer on February 1, 2023, when the spot rate is $0.210. What exchange gains and losses are reported in 2023 income? Enter a gain as a positive number or a loss as a negative number

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