Dyton ' s foreign subsidiary had a accounts payable account . The account ' s period ending balance was fc2,000 , and there were no events affecting...
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Dyton’s foreign subsidiary had a accountspayableaccount. The account’s period ending balance was fc2,000, and there were no events affecting the account during the period.

The account’s ending balance was convertible into $14,000 based on the period ending conversion rate. Dyton analyzed the account and determined that there was a comprehensive income gain of $6,000 associated with the account. What was the directexchange rate at the beginning of the period?a)4.00:1b) 3.00:1c) 10.00:1d) .25:1
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