Business
Business, 02.11.2019 07:31, kingbudd129

Mills inc. had a receivable from a foreign customer that is due in the local currency of th ( tickles) n december 31, 2018, this receivable for $200,000 was correctly included in mills' balance 132,000. when the receivable was collected on february 15, 2019, the u. s. dollar equivalent was $144,000. in mills' 2019 consolidated income statement, how much should have been reported as a foreign exchange gain? a)s 0. b) $36,000. c) $48,000. d) $10,000. e) s12,000

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