On January 1,2016, Doron Inc. borrowed 5,000,000 Swedish krona (SEK) from a bank in Sweden....
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Accounting
On January Doron Inc. borrowed Swedish krona SEK from a bank in Sweden. The loan has a fouryear life and requires an annual interest payment of payable on the first of the year The following exchange rates exist for the krona relative to the Canadian dollar: The functional currency of Doron is the CAD $
Date SEK times C$
January
December
Average
January
December
Average
January
December
Average
January
December
Average
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