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A business purchases 100,000 of inventory in France, with the payable reflected in Euros. Between...

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Accounting

A business purchases 100,000 of inventory in France, with the payable reflected in Euros. Between the time of the purchase and the payment of the account, the exchange rate for the Euro increases by $0.04. How will this increase be dealt with for income tax purposes? Will this differ from the accounting treatment of the amount?

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