What is the foreign currency exchange gain or loss on December 31, 20×1?
A. $50,000 loss
B. $50,000 gain
C. $10,000 gain
D. $10,000 loss
Answer:B
What is the foreign currency exchange gain or loss on December 31, 20×1?
A. $50,000 loss B. $50,000 gain C. $10,000 gain D. $10,000 loss