Assume a u. s. entity purchases shares of a german company for 1,000,000 euros on march 1, 2008, when the exchange rate was 1 euro = $1.20. the investment is classified as available-for-sale by the u. s. entity. after holding the shares for nine months, it sold the entire investment in the foreign market for 1,200,000 euros, when the exchange rate was 1 euro = $1.33. what amount of investment gain or loss would the u. s. entity recognize as a result of the investment?
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Assume a u. s. entity purchases shares of a german company for 1,000,000 euros on march 1, 2008, whe...
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