Assuming that Amazing Corporation does not hedge this transaction, what is the amount of exchange gain or loss that it should show on its December 31, 20×1 income statement?
A. Loss $1,000
B. Loss $2,000
C. Gain $1,000
D. Gain $1,900
Answer:B
Assuming that Amazing Corporation does not hedge this transaction, what is the amount of exchange gain or loss that it should show on its December 31, 20×1 income statement?
A. Loss $1,000 B. Loss $2,000 C. Gain $1,000 D. Gain $1,900