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Home Q & A Board Other Fields Homework Help Business Accounting
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jerico jerico
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9 years ago
Megatron Corp. earned net income of 13,000 Euros in its overseas branch at France. Its headquarters is located in the U.S. The rate of conversion during set up was $1.306 / Euro. What is the value of its income in its home currency if the rate is $1.508 / Euro at the end of a financial year and the average rate being $1.407 / Euro?
A) $16,060
B) $18,291
C) $14,070
D) $19,768
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
Authors:
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cyborgcyborg
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9 years ago
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jerico Author
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#2
9 years ago
Thank you for the help. I took this course as an elective, glad it's over in three weeks. Great textbook though!
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#3
9 years ago
I'm happy to help you, how luck with the others, I noticed you've posted a lot of questions.
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