For each of the following account balances, identify the exchange rate used to translate or remeasure. The choices are current exchange rate, historical rate, weighted average, other (specify).
Definitions:
Customers Pay
refers to the transactions where customers remit payment for goods or services received from a business.
Prepaid Freight
Costs paid by a shipper in advance for shipment of goods, indicating that the sender bears the freight charges.
Cash Discount
A reduction in the invoice price offered to buyers as an incentive for early payment.
Wholesalers
Companies that sell merchandise to other businesses rather than to the public.
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