Sanuk purchased on credit $\le$20,000 worth of parts from a British company when the exchange rate was $\le$1.66 per British pound. At the year-end balance sheet date the exchange rate increased to $1.69. Sanuk must record a gain of $600.

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The Answer of Sanuk purchased on credit $\le$20,000 worth of parts from a British company when the exchange rate was $\le$1.66 per British pound. At the year-end balance sheet date the exchange rate increased to $1.69. Sanuk must record a gain of $600.

Sanuk Purchased on Credit ≤\le≤ 20,000 Worth of Parts from a British Company When the a British

Sanuk Purchased on Credit $\le$ 20,000 Worth of Parts from a British Company When the a British