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

Question 7 options:

a)	has an economic gain on the transaction.

b)	should record the inventory for $9,600.

c)	is exposed to an economic loss on the transaction.

d)	should record the inventory for 12,000 euros.