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15 49 On December 1. 2018. Company X purchased merchandise for 100.000 LCU. Company X paid 60% of this payable on December 20, and the
15 49 On December 1. 2018. Company X purchased merchandise for 100.000 LCU. Company X paid 60% of this payable on December 20, and the remainder on January 10, 2019. Spot rates were: December 1, 2018 $1.20per LCU December 20, 2018 $1.15per LCU December 31, 2018 $1.21per LCU January 10, 2019 $1.23per LCU What amount of exchange rate gain (loss) is reported in 2018? $(400) O $(1,000) $2,600 O $600
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