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Title: On January 1st, 20x2, ABC Inc. had invoiced a client in New York for $10,000 US for Post by: _valmarie on Aug 31, 2018 On January 1st, 20x2, ABC Inc. had invoiced a client in New York for $10,000 US for
services rendered that day. ABC did not hedge this receivable. The receivable is due in 60 days. On January 1st, 20x2, the spot rate was $1US=$1.02CDN. On January 31st, 20x2, the spot rate was $1US=$1.05CDN. What is the effect of the above information on ABCs January financial statements? A) A $300 foreign exchange gain. B) A $300 foreign exchange loss. C) A $300 credit to OCI. D) A $300 debit to OCI. Title: On January 1st, 20x2, ABC Inc. had invoiced a client in New York for $10,000 US for Post by: kiara23247843 on Aug 31, 2018 Content hidden
Title: On January 1st, 20x2, ABC Inc. had invoiced a client in New York for $10,000 US for Post by: _valmarie on Aug 31, 2018 marking this SOLVED
Title: On January 1st, 20x2, ABC Inc. had invoiced a client in New York for $10,000 US for Post by: kiara23247843 on Aug 31, 2018 :monkey:
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