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Chapter 11 - Multinational Accounting: Foreign Currency Transactions And Financial Instruments
P11-24 Part II (continued)
c.
Maple would report a net loss in 20X6, of $150, as follows:
20X6
Loss
Gain
Transaction 3
Jan. 15, 20X6 — Part I
100
-
Jan. 15, 20X6 — Part II
50
-
20X6, Net Loss
150
-0-
