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Question 9 Not yet answered KL Ltd (an Australian company) imports inventory from a US supplier. On 1 June 2020 KL placed an order for
Question 9 Not yet answered KL Ltd (an Australian company) imports inventory from a US supplier. On 1 June 2020 KL placed an order for inventory in the sum of 900,000 US dollars (USDs). The inventory was delivered on 30 June 2020, and payment was made on 30 September 2020. KL Ltd has a 30 June balance date. AUD = Australian dollars. Marked out of 1.00 The applicable spot exchange rates were as follows: Flag question AUD USD 1 June 2020 $1= 0.7764 30 June 2020 $1= 0.8039 15 July 2020 $1= 0.7687 30 September 2020 $1= 0.7830 What foreign exchange gain or loss will KL Ltd record for the period ended 30 September 2020 (rounding to the nearest dollar)? O a. $29,883 O b. $9,711 O c. -$29,883 O d. -$9,771 O e. $1,149,425
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