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    Exam 9: Foreign Currency Transactions and Hedging Foreign Exchange Risk
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    How Much Foreign Exchange Gain or Loss Should Be Included
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How Much Foreign Exchange Gain or Loss Should Be Included

Question 67

Question 67

Multiple Choice

How much foreign exchange gain or loss should be included in Shannon's 2017 income statement?


A) $3,000 gain.
B) $3,000 loss.
C) $6,000 gain.
D) $6,000 loss.
E) $7,000 gain.

Correct Answer:

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