Clark Co., a U.S. corporation, sold inventory on December 1, 2021, with payment of 12,000 British pounds to be received in sixty days. The pertinent exchange rates were as follows:
For what amount should Sales be credited on December 1?
A) $18,310.
B) $19,760.
C) $23,712.
D) $21,972.
E) $21,216.
Correct Answer:
Verified
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