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Company X has a receivable denominated in LCU 1 and has a payable denominated in LCU 2. Dollar per LCU 1 increased by year-end and

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Company X has a receivable denominated in LCU 1 and has a payable denominated in LCU 2. Dollar per LCU 1 increased by year-end and Dollar per LCU 2 decreased. Company X should record an exchange rate: LCU 1 LCU 2 A Gain Gain B Gain Loss C Loss Gain D Loss Loss SA B. D

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