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    Exam 10: Foreign Currency Transactions
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    What Is the Amount of CMI's Foreign Exchange Gain or Loss
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What Is the Amount of CMI's Foreign Exchange Gain or Loss

Question 55

Question 55

Multiple Choice

What is the amount of CMI's foreign exchange gain or loss at year-end?


A) CDN$120 loss.
B) CDN$480 gain.
C) CDN$120 gain.
D) Nil.

Correct Answer:

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