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Gold times runs an import uxport business by procuring raw materials from one country and...

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Accounting

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Gold times runs an import uxport business by procuring raw materials from one country and supplying finished goods therefore must make foreign currency pilyerents Given global economic conditions exchange rates might significantly fluctuate. Gold Times may recelve more money from its debtors than its selling Required. Referring to conceptual framework, discuss whether Gold Times should identily and recognize these possible additional cash recelpts dwe to the fluctuation of Whange rates as an asset? Word limit: 250

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