Assume That on January 15, 2020, Ariel Agrees to Purchase

question 80

Multiple Choice

Assume that on January 15, 2020, Ariel agrees to purchase US$500,000 for C$550,000 for delivery on January 15, 2021. The exchange rate at its December 31 year-end is US$1 = C$0.95 and the January 15, 2021 the exchange rate is US$1 = C$0.97. What is the foreign exchange gain or loss recognized on January 15, 2020?

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

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Definitions:

Cutting the Wrists

A form of self-injury where an individual intentionally cuts their wrist, often as a coping mechanism for emotional distress.

Jumping

The act of propelling oneself off the ground through the muscles in the legs and feet.

Physical Management Techniques

Methods used to handle individuals physically, often in healthcare or security settings, to prevent harm or manage behavior.

Assaultive Patients

Individuals in a healthcare setting who exhibit behavior that is physically threatening or harmful to others.