Matthias Corp. had the following foreign currency transactions during 2017:

Purchased merchandise from a foreign supplier on January 20 for the U. S. dollar equivalent of $62,900 and paid the invoice on April 20 at the U. S. dollar equivalent of $53,200.
On September 1, borrowed the U. S. dollar equivalent of $305,000 evidenced by a note that is payable in the lender's local currency in one year. On December 31, the U. S. dollar equivalent of the principal amount was $322,000.

Required:
In Matthias's 2017 income statement, what amount should be included as a net foreign exchange gain or loss?

$7,300 loss

Explanation:

The computation of the net foreign exchange gain or loss included in the income statement is shown below:

Since the merchandise purchased value is $62,900

And, the paid amount is $53,200

So, the gain on transaction is

= $62,900 - $53,200

= $9,700

The borrowed amount is $305,000

And, the principal amount is $322,000

So, the loss is

= $305,000 - $322,000

= $17,000 loss

So in this case $7,300 loss is included which is a difference of $9,700 and $17,000

hi.

i'm not sure about the answer, but, i would say c. *when the recipient was not included on the original email.*

hope this , well if it's right. uwu

merry christmas! ^-^

what are the sentences? so we can answer the question.