A U.S. company sold merchandise on account to a Greek company, for 500,000 euros. The relevant exchange rates for the Euro were as follows: The exchange rate gain or loss for the U.S. company on this transaction was a:

Question

A U.S. company sold merchandise on account to a Greek company, for 500,000 euros. The relevant exchange rates for the Euro were as follows:  The exchange rate gain or loss for the U.S. company on this transaction was a:

Quizplus · Accepted Answer

The Answer of A U.S. company sold merchandise on account to a Greek company, for 500,000 euros. The relevant exchange rates for the Euro were as follows:  The exchange rate gain or loss for the U.S. company on this transaction was a:

A US Company Sold Merchandise on Account to a Greek Company