What Amount Should Be Included as a Foreign Exchange Gain

question 7

Multiple Choice

What amount should be included as a foreign exchange gain or loss from the two transactions for 2019?

• A) $ 9,000 loss.
• B) $ 9,000 gain.
• C) $11,000 loss.
• D) $21,000 loss.
• E) $21,000 gain.

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Definitions:

Benthic Zone

refers to the ecological region at the lowest level of a body of water such as an ocean, lake, or stream, including the sediment surface and some sub-surface layers.

Littoral Zone

The littoral zone is the area of a lake or ocean shore that is close to the shore, often characterized by shallow waters, where sunlight reaches the bottom allowing aquatic plants to grow.

Limnetic Zone

The open water area of a freshwater body, such as a lake, where sunlight penetrates deeply enough for photosynthesis to occur.

Decomposers

Organisms, such as bacteria and fungi, that break down dead organic material, recycling nutrients back into the ecosystem.