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Title: Distribution Services Inc., a Canadian company, sold merchandise on account to Battle River ... Post by: Tomm on Nov 10, 2017 Distribution Services Inc., a Canadian company, sold merchandise on account to Battle River Corporation, a British company, for 400,000 British pounds. The relevant exchange rates for the British pound were as follows:
Date of sale/delivery $1.48 Date of cash receipt $1.49 The exchange rate gain or loss for Distribution Services on this transaction was: A) $4,000 loss B) $8,000 loss C) $4,000 gain D) $8,000 gain Title: Re: Distribution Services Inc., a Canadian company, sold merchandise on account to Battle River ... Post by: msayed2004 on Nov 10, 2017 Content hidden
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