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Author Question: For U.S. companies, foreign-currency-denominated receivables and payables give rise to exchange ... (Read 131 times)

@Brianna17

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on: Jul 7, 2018
For U.S. companies, foreign-currency-denominated receivables and payables give rise to exchange gains and losses ________.
 
  A) at the end of each accounting period
  B) only when the dollar strengthens against the foreign currency
  C) only when the dollar weakens against the foreign currency
  D) whether the transactions are denominated in dollars or the foreign currency

Question 2

How do U.S. companies recognize transaction gains and losses in the financial statements?
 
  A) They are recognized as gains and losses in the income statement.
  B) They are recognized as gains and losses in owners' equity.
  C) Gains are recognized in the income statement, but losses are not.
  D) Losses are recognized in the income statement, but gains are recognized in owners' equity.
International Business ¦ Daniels, Radebaugh, Sullivan ¦ 16th Edition
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amanda_14

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

Sent you a PM please check your forum inbox. Thank you

Answer to Question 2

A


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@Brianna17

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Reply #2 on: Jul 7, 2018
Thank you :)


amanda_14

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Reply #3 on: Jul 7, 2018
Happy to help you


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