When recording the value of a purchase denominated in a foreign currency, the company is required to ...

Author Question: When recording the value of a purchase denominated in a foreign currency, the company is required to ... (Read 41 times)

CBme

Hero Member
Posts: 548

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 ¦ 16^th Edition

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zogaridan

Sr. Member
Posts: 328

Reply #1 on: Jul 7, 2018

Answer to Question 1

FALSE

Answer to Question 2

FALSE

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