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Business, 22.04.2021 17:00 cameronkoberste

On June 19, a U. S. company sold and delivered merchandise on a 30-day account to a German corporation for 150,000 Euros. On July 19, the German company paid the U. S. company in full. Relevant currency rates were: June 19 July 19 Spot rate $1.157 $1.160 30-day forward rate 1.170 1.173 What amount should the U. S. company record on June 19 as an account receivable for its sale to the German company

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