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In a recent financial journal, the exchange rate between the dollar and the Japanese yen...

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Accounting

In a recent financial journal, the exchange rate between the dollar and the Japanese yen () was quoted two ways: The number of Japanese yen equivalent to $40,000 on this date is: (rounded to whole ) A. 3,056,000. B. 5,235,602. C. 5,245,745. D. Depends upon whether the item is a receivable or a payable.

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