ABC Inc.is a Canadian company that reports its results in Canadian dollars.The company sold equipment to a customer in the U.S.for $95,000 US on January 1,2013 when the exchange rate was $1 CDN = $0.95 US.The client received the equipment on January 31^st,2013 and promptly wired the required payment to ABC Inc.On January 31,2013,$1 CDN = $0.96 US.

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The Answer of ABC Inc.is a Canadian company that reports its results in Canadian dollars.The company sold equipment to a customer in the U.S.for $95,000 US on January 1,2013 when the exchange rate was $1 CDN = $0.95 US.The client received the equipment on January 31^st,2013 and promptly wired the required payment to ABC Inc.On January 31,2013,$1 CDN = $0.96 US.

ABC IncIs a Canadian Company That Reports Its Results in Canadian