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​ Teal, Inc. a foreign corporation pays a dividend to its shareholders on November 30. Red, Inc., a US corporation and 7% shareholder in Teal, receives a dividend of 10,000K (a foreign currency). Pertinent exchange rates are as follows: November 30 .9K: $1 Average for year .7K: $1 December 31 2K: $1

Teal, Inc. a foreign corporation pays a dividend to its shareholders on November 30.  Red, Inc., a US corporation and 7% shareholder in Teal, receives a dividend of 10,000K (a foreign currency).  Pertinent exchange rates are as follows:
November 30        .9K: $1
Average for year    .7K: $1
December 31        2K: $1

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Order Now