Author Question: For U.S. companies, foreign-currency-denominated receivables and payables give rise to exchange ... (Read 140 times)

@Brianna17

  • Hero Member
  • *****
  • Posts: 550
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.


amanda_14

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

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

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

For a complete list of videos, visit our video library