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Author Question: When recording the value of a purchase denominated in a foreign currency, the company is required to ... (Read 56 times)

CBme

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on: Jul 7, 2018
When recording the value of a purchase denominated in a foreign currency, the company is required to use the spot rate when payment is made, as long as it is made 30 days or more in the future.
 
  Indicate whether the statement is true or false

Question 2

Most developing countries have hard currencies.
 
  Indicate whether the statement is true or false
International Business ¦ Daniels, Radebaugh, Sullivan ¦ 16th Edition
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zogaridan

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Reply #1 on: Jul 7, 2018
Answer to Question 1

FALSE

Answer to Question 2

FALSE


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