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sammy [17]
3 years ago
5

Chocolate De-lites imports and exports chocolate delicacies. Some transactions are denominated in U.S. dollars and others in for

eign currencies. A summary of accounts receivable and accounts payable on December 31, 20X6, before adjustments for the effects of changes in exchange rates during 20X6, follows:
Accounts receivable:

In U.S. dollars $ 164,000

In 475,000 Egyptian pounds (E£) $ 73,600

Accounts payable:

In U.S. dollars $ 86,000

In 21,000,000 yen (¥) $ 175,300

The spot rates on December 31, 20X6, were

Business
1 answer:
sergij07 [2.7K]3 years ago
5 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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