At What Amount Would North Record Its Inventory When Received

question 61

Multiple Choice

At what amount would North record its inventory when received from its supplier, if the exchange gain or loss is adjusted to the value of the inventory on the transaction date?

• A) CDN$686,700.
• B) CDN$693,000.
• C) CDN$694,500.
• D)CDN$696,000.

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