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What is the amount of FOREX gain or loss to be included in the 2022 profit or loss? Example Answer: if gain - P123,000, if loss - (P123,000). * On December 1, 2021, ABC Co, placed a non-cancellable purchase order with a company based in United States to import a machine for $12,250, to be settled on January 3, 2022. The following are the exchange rates: December 1, 2021 P55:$1 P58:$1 P60:51 December 31, 2021 January 3, 2022

What is the amount of FOREX gain or loss to be included in the 2022 profit or loss? Example Answer: if gain - P123,000, if loss - (P123,000). * On December 1, 2021, ABC Co, placed a non-cancellable purchase order with a company based in United States to import a machine for $12,250, to be settled on January 3, 2022. The following are the exchange rates: December 1, 2021 P55:$1 P58:$1 P60:51 December 31, 2021 January 3, 2022

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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What is the amount of FOREX gain or loss to be included in the 2022 profit or loss? Example Answer: if gain - P123,000, if loss - (P123,000). * On December 1, 2021, ABC Co, placed a non-cancellable purchase order with a company based in United States to import a machine for $12,250, to be settled on January 3, 2022. The following are the exchange rates: December 1, 2021 December 31, 2021 P55:$1 P58:$1 P60:51 January 3, 2022 Your answer
Transcribed Image Text:What is the amount of FOREX gain or loss to be included in the 2022 profit or loss? Example Answer: if gain - P123,000, if loss - (P123,000). * On December 1, 2021, ABC Co, placed a non-cancellable purchase order with a company based in United States to import a machine for $12,250, to be settled on January 3, 2022. The following are the exchange rates: December 1, 2021 December 31, 2021 P55:$1 P58:$1 P60:51 January 3, 2022 Your answer
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