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Xin is selling his transformer over the internet for C$500.An interested buyer says he is willing to pay 360 euro in six months.What position should Xin take to eliminate his foreign exchange exposure?
Supplies
Items that are used in the daily operations of a business or organization, often consumed in the process.
Accounts Receivable
Receivables from customers for products or services rendered by a company, awaiting payment.
Accounts Payable
An accounting entry representing a company's obligation to pay off a short-term debt to its creditors or suppliers.
Correcting Entry
An accounting entry made to correct any erroneous or previously misunderstood transactions recorded in the financial statements.
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