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Syracuse Systems purchased inventory on account from Megaplex. The price was 130,000, and a yen was quoted at $0.0086. Syracuse paid the debt in yen
Syracuse Systems purchased inventory on account from Megaplex. The price was 130,000, and a yen was quoted at $0.0086. Syracuse paid the debt in yen a month later when the price of a yen was $0.0094. Syracuse OA. recorded a foreign-currency transaction gain of $104 O B. debited Inventory for $1,118 O C. debited Inventory for $1,222 O D. None of the above
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