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On November 15, 20X3, Chow Inc., a U. S. company, ordered merchandise FOB shipping point from a German company for €200,000. The merchandise was shipped and invoiced on December 10, 20X3. Chow paid the invoice on January 10, 20X4. The spot rates for euros on the respective dates were
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On November 15, 20X3, Chow Inc., a U. S. company, ordered merchandise FOB shipping point from a Germ...
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