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Voltac Corporation ( a U . S . - based company ) has the following import / export transactions denominated in Mexican pesos in 2
Voltac Corporation a USbased company has the following importexport transactions denominated in Mexican pesos in :
Currency exchange rates for peso for are as follows:
Assume that all receipts were converted into dollars as soon as they were received.
Required:
For each of the following accounts, what amount will Voltac report on its financial statements?
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