Nancy Brown owns an American company that sells music cassettes to Mexican outlets. On December 10, X1, she sold tapes to Music of Mexico for a price of 16,000 pesos, due in 60 days. The foreign currency exchange rates on specific dates are as follows:

-Refer to the above data. With regard to this transaction, Brown's financial statements at December 31, X1 include:

Question

Nancy Brown owns an American company that sells music cassettes to Mexican outlets. On December 10, X1, she sold tapes to Music of Mexico for a price of 16,000 pesos, due in 60 days. The foreign currency exchange rates on specific dates are as follows:
 
-Refer to the above data. With regard to this transaction, Brown's financial statements at December 31, X1 include:

Quizplus · Accepted Answer

The Answer is D

Nancy Brown Owns an American Company That Sells Music Cassettes