A firm has purchased for 50000 fcs an electric generator, Ask an Expert

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A firm has purchased, for 50,000 FCs, an electric generator from a foreign firm. The exchange rates were 1 FC = $0.80 on the delivery date and 1 FC = $0.76 when the payable was paid. What is the final recorded value of the payable if the two-transaction method is used ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9410940

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