On September 1, 2017, Mardan Company purchased merchandise from Bobco Company of Japan for 20,000,000 yen payable on October 1, 2017. The spot rate for yen was $0.0079 on September 1 and the spot rate was $0.0077 on October 1. The purchase was paid on October 1, 2017. Required: 1. Did the U.S. dollar strengthen […]
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