An enterprise buys €100,000 of merchandise in France, with the payable recorded in Euros. Between the time of the purchase and the payment of the account, the exchange rate for the Euro increases by $0.04. How will this increase be dealt with for tax purposes? Will this differ from the accounting treatment of the amount?

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The Answer of An enterprise buys €100,000 of merchandise in France, with the payable recorded in Euros. Between the time of the purchase and the payment of the account, the exchange rate for the Euro increases by $0.04. How will this increase be dealt with for tax purposes? Will this differ from the accounting treatment of the amount?

An Enterprise Buys €100,000 of Merchandise in France, with the Payable