Heavy Company sold metal scrap to a Brazilian company for 200,000 Brazilian reals on December 1,20X8,with payment due on January 20,20X9.The exchange rates were:
-Based on the preceding information,what is the Heavy's overall net gain or net loss from its foreign currency exposure related to this transaction?
A) $4,860 loss
B) $2,600 loss
C) $9,018 gain
D) $2,260 gain
Correct Answer:
Verified
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