Multiple Choice
Ventaz Corp.purchased assets for its overseas branch for $10,000.The rate of conversion at the time of purchase of asset was $1.306 / Euro.What is the value of assets after two years if the rate is $1.508 / Euro and the average rate being $1.407 / Euro?
A) 7,657 Euros
B) 5,080 Euros
C) 4,070 Euros
D) 3,780 Euros
Correct Answer:
Verified
Correct Answer:
Verified
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