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Business, 30.01.2020 05:00 novarosell

Nod corp. (a u. s.-based company) sold parts to a hong kong customer on december 15 with payment of 100,000 hong kong dollars to be received in thirty days on january 15. the following exchange rates apply: spot forward rate 1/1512/15 $0.15 $0.1612/31 $0.16 $0.171/15 $0.17 $0.18assuming no forward contract was entered into, how much foreign exchange gain or loss should nod report on its december 31 income statement with regard to this transaction? (for purposes of this exercise, use a present value factor of 1.)a) no gain or lossb) $1,000 lossc) $3,000 lossd) $1,000 gaine) $3,000 gain

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Nod corp. (a u. s.-based company) sold parts to a hong kong customer on december 15 with payment of...
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