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(Solved by Expert Tutors) A sale for 200,000 francs was made by a French company to a Canadian com


Can$1.00. The rate changed to F4.5 = Can$ 1.00 on the date payment was due. The transaction is denominated in francs. Required: (1) Did the seller face any transaction exposure? If the answer is yes, what was the amount? (2) Did the buyer have any transaction gain or loss? If the answer is yes, was it a gain or loss, and what was the amount?

 


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Apr 19, 2020

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