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.
Bacteria exchange DNA by several processes
Blood-typing and cross-reactions: The blood type depends on the presence of surface antigens (agglut
Biotechnology Companies and Fighting Cancer
Rising sea level: Some areas will be affected by a rise of just 40 cm
The Nile Delta will be strongly affected by a rise in sea level of 50 cm
Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs