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PROBLEM 1 Barefoot Co. purchased inventory from Nakasakasaka Co., a foreign supplier, on November 15, 20x1 for *100,000, when the spot rate was Php0.4295. On

PROBLEM 1 Barefoot Co. purchased inventory from Nakasakasaka Co., a foreign supplier, on November 15, 20x1 for *100,000, when the spot rate was Php0.4295. On December 31, 20x1, the spot rate was Php0....

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