What is the amount of RXN's foreign exchange gain or loss prior to its hedge?
A) A CDN$6,000 loss.
B) A CDN$6,000 gain.
C) A CDN$4,500 gain.
D)Nil.

Name: What is the amount of RXN's foreign exchange gain or loss prior to its hedge? A) A CDN$6,000 loss. B) A CDN$6,000 gain. C) A CDN$4,500 gain. D)Nil.
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Question

Quizplus · Accepted Answer

RXN's foreign exchange loss is calculated as the difference between the original exchange rate and the current exchange rate applied to the transaction amount, resulting in a CDN$6,000 loss.

What Is the Amount of RXN's Foreign Exchange Gain or Loss