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castillo66 castillo66
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7 years ago
Assume a U.S. company purchases equipment from a German supplier for €37,500 when the exchange rate at the time of the transaction is $1.5 per euro, or €0.667 per dollar. The U.S. company doesn't have to pay the German supplier until the end of the month, at which time the euro is now worth only $1.49 per euro or €0.671 per dollar. According to U.S. GAAP, the equipment would be valued at ________.
A) $25,167
B) $25,000
C) $56,250
D) $55,875
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International Business

International Business


Edition: 15th
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WindozWindoz
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castillo66 Author
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#2
7 years ago
Thanks for helping me with my business hw
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