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Business, 28.11.2019 05:31 danbat3023

Gunther co. established a subsidiary in mexico on january 1, 2013. the subsidiary engaged in the following transactions during 2013:
jan 1 1 peso = $.20
june 30 1 peso = $.19
dec. 31 1 peso= $.16
w. a. 1 peso = $.18
what amount of foreign exchange gain or loss would have been recognized in gunther's consolidated income statement for 2013?
a. $800,000 gain.
b. $760,000 gain.
c. $320,000 loss.
d. $280,000 loss.
e. $440,000 loss.

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