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Business, 06.05.2020 04:10 KillerSteamcar

On December 20, 2017, Butanta Company (a U. S. company headquartered in Miami, Florida) sold parts to a foreign customer at a price of 50,000 ostras. Payment is received on January 10, 2018. Currency exchange rates for 1 ostra are as follows: December 20, 2017 $ 1.08 December 31, 2017 1.05 January 10, 2018 1.01 How does the fluctuation in exchange rates affect Butanta's 2017 income statement?

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On December 20, 2017, Butanta Company (a U. S. company headquartered in Miami, Florida) sold parts t...

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