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On July 1,2012 CDN purchased inventory from its main U.S.supplier RNB Enterprises at a cost of $1,000 U.S dollars.CDN's year end is on July 31.
Some important dates regarding this transaction,as well as the exchange rates in effect at each of these dates are shown below:
-What would be the amount of the foreign exchange gain or loss recorded at the balance sheet date under the one-transaction approach?

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The following information refers to questions 
On July 1,2012 CDN purchased inventory from its main U.S.supplier RNB Enterprises at a cost of $1,000 U.S dollars.CDN's year end is on July 31.
Some important dates regarding this transaction,as well as the exchange rates in effect at each of these dates are shown below: 
-What would be the amount of the foreign exchange gain or loss recorded at the balance sheet date under the one-transaction approach?

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The Answer of The following information refers to questions 
On July 1,2012 CDN purchased inventory from its main U.S.supplier RNB Enterprises at a cost of $1,000 U.S dollars.CDN's year end is on July 31.
Some important dates regarding this transaction,as well as the exchange rates in effect at each of these dates are shown below: 
-What would be the amount of the foreign exchange gain or loss recorded at the balance sheet date under the one-transaction approach?

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