Please help with # 2
Thank you
4) Masters Corp has a 100,000 foreign currency denominated accounts receivable on its books that is due to be collected in on June 30, 2011. The following are the US dollar equivalents for this receivable at various dates:
Jan 1, 2010 $35,000 Dec 31, 2010 $32,000
March 31, 2010 $38,000 June 30, 2011 $40,000
April 30, 2010 $ 34,000
What is the FX transaction gain or loss as of the following dates?
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