) XYZ has cash of FC 100,000 on both April 30 and May 31, 2010. The applicable spot rates for April 30 and May 31 are as follows:   April 30: 1US = 5FC  May 31: 1 US= 4FC  How much is the FX transaction gain or loss on May 31, 2010.

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Chapter1: Financial Statements And Business Decisions
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2) XYZ has cash of FC 100,000 on both April 30 and May 31, 2010. The applicable spot rates for April 30 and May 31 are as follows:  

April 30: 1US = 5FC 

May 31: 1 US= 4FC 

How much is the FX transaction gain or loss on May 31, 2010. 

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