Assume That Signh Agrees to Purchase US$100,000 for C$84,745 on January

question 58

Multiple Choice

Assume that Signh agrees to purchase US$100,000 for C$84,745 on January 15,2013.The exchange rate at year end is US$1 = C$1.20 and the January 15,2013 exchange rate is US$1 = C$1.19.What journal entry is required at January 15,2013?

• A)$701 loss.
• B)$701 gain.
• C)$711 loss.
• D)$711 gain.

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Definitions:

Animal Model

Non-human animal species used in research to study biological processes, diseases, or potential treatments that might be relevant to humans.

Neurological Diseases

Disorders that affect the central and peripheral nervous systems, including the brain, spinal cord, and nerves, leading to various symptoms and functional impairments.

Spatial Resolutions

The measure of the smallest object that can be reliably distinguished in an image or scan, often used in relation to imaging techniques or technologies.