Gain or loss in inventory value in us dollars, Finance Basics

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Gain or loss in inventory value in us dollars

Suppose one year ago, Hein Compain had inventory in Britian valued at 240,000 pounds. The exchange rate was 1 pound = 2 US dollars. The inventory in Britain is still valued at 240,000 pounds. What is the gain or loss in inventory value in US dollars as a result of the change in exchange rates?

a. -240,000

b - 43,000

c 0

d 43,200

e 47,473

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Finance Basics: Gain or loss in inventory value in us dollars

Reference No:- TGS053953

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Cost transferred from the first processing

Q : Calculating the total fixed cost

Q : Fish population first estimated

Q : Fair value of the assets and liabilities

Q : Gain or loss in inventory value in us dollars

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Gain or loss in inventory value in us dollars

Reference No:- TGS053953

Recent Questions Asked Finance Basics

Q : Cost transferred from the first processing

Q : Calculating the total fixed cost

Q : Fish population first estimated

Q : Fair value of the assets and liabilities

Q : Gain or loss in inventory value in us dollars

Q : Determining the expected stock price

Q : What amount reported as the amortization expense

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Q : Determine the amount of goodwill to be amortized

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