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...


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?



  1. a) Quarter ending March 31, 2010

  2. b) Month ending April 30, 2010

  3. c) Year ending December 31, 2010

  4. d) Six months ended June 30, 2011





Jun 01, 2022
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