Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 23

On January 1, a German company purchased merchandise from a U.S.irm for $50,000, payable on March 1.he exchange rate for the euro on January 1 was $1.10.f the exchange rate increases to $1.12 on March 1, what amount of gain or loss would the U.S.irm report related to currency fluctuations
a.1,000 gain.
b.1,000 loss.
c.500 gain.
d.o gain or loss would be reported.