Suppose a Canadian company purchased merchandise on account from a British firm for 200,000 British pounds. Assume the exchange rates for the British pound were as follows: The exchange rate gain/loss for the Canadian company on this transaction was:

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Suppose a Canadian company purchased merchandise on account from a British firm for 200,000 British pounds. Assume the exchange rates for the British pound were as follows:  The exchange rate gain/loss for the Canadian company on this transaction was:

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The Answer of Suppose a Canadian company purchased merchandise on account from a British firm for 200,000 British pounds. Assume the exchange rates for the British pound were as follows:  The exchange rate gain/loss for the Canadian company on this transaction was:

Suppose a Canadian Company Purchased Merchandise on Account from a British