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Norton Co, a U

Question 56

Multiple Choice

Norton Co., a U.S. corporation, sold inventory on December 1, 2013, with payment of 10,000 British pounds to be received in sixty days. The pertinent exchange rates were as follows: Norton Co., a U.S. corporation, sold inventory on December 1, 2013, with payment of 10,000 British pounds to be received in sixty days. The pertinent exchange rates were as follows: For what amount should Sales be credited on December 1? A) $5,500. B) $16,949. C) $18,182. D) $17,241. E) $16,667. For what amount should Sales be credited on December 1?


A) $5,500.
B) $16,949.
C) $18,182.
D) $17,241.
E) $16,667.

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