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It is not necessary to prepare an adjusting entry to recognize the current maturity of long-term debt.
Canadian Dollars
The currency of Canada, represented by the symbol CAD or C$.
Foreign Exchange Risk
The possibility of losing value due to changes in currency exchange rates.
Spot Rate
The current market price at which a particular asset, such as foreign currency, can be bought or sold for immediate delivery.
Exchange Rates
How much one currency is worth in terms of another during conversion.
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