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RWB Corporation, a U. S. based company, bought inventory from a German company on June 5 for 12,000 euros, when $1 was equal to 1.20

RWB Corporation, a U. S. based company, bought inventory from a German company

on June 5 for 12,000 euros, when $1 was equal to 1.20 euros. The company settled its

payable with 12,000 euros on August 4 when $1 was equal to 1.25 euros. RWB's

measurement currency is the U. S. dollar. RWB Corporation

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