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Business, 28.04.2021 21:40 mluz

Brief, Inc., had a receivable from a foreign customer that is payable in the customer's local currency. On December 31, 2017, Brief correctly included this receivable for 340,000 local currency units (LCU) in its balance sheet at $327,500. When Brief collected the receivable on February 15, 2018, the U. S. dollar equivalent was $339,500. In Brief's 2018 consolidated income statement, how much should it report as a foreign exchange gain

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