Modern business executives use the term comparative advantage when referring to the assets of individual firms

One way of avoiding turning customers away or having them wait is to use, dynamic pricing and reservations.

Answer the following statement(s) true (T) or false (F)

Brief, Inc., had a receivable from a foreign customer that is payable in the customer's local currency. On December 31, 2017, Brief correctly included this receivable for 200,000 local currency units (LCU) in its balance sheet at $110,000. When Brief collected the receivable on February 15, 2018, the U.S. dollar equivalent was $120,000. In Brief's 2018 consolidated income statement, how much should it report as a foreign exchange gain?

A. $-0- B. $10,000 C. $15,000 D. $25,000