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

Question 16

Multiple Choice

What is the amount of CMI's foreign exchange gain or loss at year-end? A) $120 loss. B) Nil. C) $120 gain. D) $480 gain. What is the amount of CMI's foreign exchange gain or loss at year-end? A) $120 loss. B) Nil. C) $120 gain. D) $480 gain. What is the amount of CMI's foreign exchange gain or loss at year-end?


A) $120 loss.
B) Nil.
C) $120 gain.
D) $480 gain.

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