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Business, 18.02.2020 16:16 Gloryreak3728

A U. S. company recorded the purchase of inventory from a British company at a price of 10,000 British pounds, when the exchange rate per British pound was $1.44. The account payable was paid within the same accounting period, but the exchange rate had increased to $1.54. At the time of payment the company will recognize which of the following?

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