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Spindie, Incorporated (a U.S. based company), imports surfboards from a supplier in Brazil and sells...

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Accounting

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Spindie, Incorporated (a U.S. based company), imports surfboards from a supplier in Brazil and sells thim in the United States: Purchases are denominated in terms of the Brazilian reat (BRI). During 2023, Spindler acquires 430 surfboards at a price of BRL 1,600 per surfboard, for a total of BRL 688,000. Spindier will pay for the surthoards when it sells them. Relevart exchange fates are as follows: Required: 6. Assume that Spindler acquired the surfboards on September 1, 2023, and made payment on December 1, 2023. What is the effect of the exchange rate fluctuations on reported income in 2023 ? b. Assume that Spindier acquired the surfboards on December 1, 2023, and made paymeht on March 1, 2024. What is the effect of the exchange rate fluctuations on reported income in 2023 and 2024 ? c. Assume that Spindler acquired the surfboards on September 1, 2023, and made payment on March 1, 2024. What is the effect of the exchange rate fluctuations on reported income in 2023 and in 2024 ? Note: Input all omounts as positive values

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