Marshall Company Sold Supplies in the Amount of €25,000 (Euros)to

Multiple Choice

Marshall Company sold supplies in the amount of €25,000 (euros) to a French company when the exchange rate was $1.21 per euro.At the time of payment,the exchange rate decreased to $0.82.Marshall must record a:

A) gain of $9,750.
B) gain of $20,500.
C) loss of $9,750.
D) loss of $20,500.
E) neither a gain nor loss.