A US company purchased merchandise on account from a Spanish firm for 200,000 euros. Assume the exchange rates for the Euro were as follows: The exchange rate gain/loss for the U.S. company on this transaction was a:

Question

A US company purchased merchandise on account from a Spanish firm for 200,000 euros. Assume the exchange rates for the Euro were as follows:  The exchange rate gain/loss for the U.S. company on this transaction was a:

Quizplus · Accepted Answer

The Answer of A US company purchased merchandise on account from a Spanish firm for 200,000 euros. Assume the exchange rates for the Euro were as follows:  The exchange rate gain/loss for the U.S. company on this transaction was a:

A US Company Purchased Merchandise on Account from a Spanish