Business, 21.04.2020 20:48 selene29

Pigskin Co., a U. S. corporation, sold inventory on credit to a British company on April 8, 2018. Pigskin received payment of 35,000 British pounds on May 8, 2018. The exchange rate was £1 = $1.54 on April 8 and £1 = 1.43 on May 8. What amount of foreign exchange gain or loss should be recognized?

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Pigskin Co., a U. S. corporation, sold inventory on credit to a British company on April 8, 2018. Pi...

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