Gunther Co.established a subsidiary in Mexico on January 1, 2018.The subsidiary engaged in the following transactions during 2018: 
What amount of foreign exchange gain or loss would have been recognized in Gunther's consolidated income statement for 2018?
A) $800,000 gain.
B) $760,000 gain.
C) $320,000 loss.
D) $280,000 loss.
E) $440,000 loss.
Correct Answer:
Verified
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