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CalculationIntermediatePublished

Question · Differences on monetary items in profit or loss

Varennes settles a payable of 30,000, recorded at 28,200. The spot rate at the settlement date is 0.97 euro per 1 dollar. Calculate the cash paid in euros and the exchange loss to recognise in profit or loss.

Payable in dollars
30,000
Carrying amount of the payable in euros
28,200
Your answer

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