Business, 03.12.2021 19:40 garretthyatt123

Spindler, Inc. (a U. S.-based company), imports surfboards from a supplier in Brazil and sells them in the United States. Purchases are denominated in terms of the Brazilian real (BRL). During 2020, Spindler acquires 440 surfboards at a price of BRL 1,600 per surfboard, for a total of BRL 704,000.00. Spindler will pay for the surfboards when it sells them. Relevant exchange rates are as follows: Date U. S. Dollar per Brazilian Real (BRL) September 1, 2020 $ 0.200 December 1, 2020 0.190 December 31, 2020 0.210 March 1, 2021 0.195 Assume that Spindler acquired the surfboards on September 1, 2020, and made payment on December 1, 2020. What is the effect of the exchange rate fluctuations on reported income in 2020

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Spindler, Inc. (a U. S.-based company), imports surfboards from a supplier in Brazil and sells them...

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