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Business, 18.12.2019 01:31 cjdolce9790

On june 18, wyman company (a u. s. company) sold merchandise to the nielsen company of denmark for €60,000 (euros), with a payment due in 60 days. if the exchange rate was $1.35 per euro on the date of sale and $1.14 per euro on the date of payment, wyman company should recognize a foreign exchange gain or loss in the amount of:

a. $50,000 gsin
b. 60.000 loss
c. 68.400 loss
d. $12.600

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