Assume That Ariel Agrees to Purchase US$500,000 for C$550,000 on January

question 83

Multiple Choice

Assume that Ariel agrees to purchase US$500,000 for C$550,000 on January 15,2013.The exchange rate at year end is US$1=C$0.95 and the January 15,2013 exchange rate is US$1=C$0.97.What journal entry is required when the contract is initiated?

• A)0
• B)$65,000 loss.
• C)$75,000 gain.
• D)$75,000 loss.

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Definitions:

Fluoxetine

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Sudden episodes of intense fear or panic, often accompanied by physical symptoms such as palpitations, sweating, or dizziness.

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