When the Value of the British Pound Changes from $1

question 11

Multiple Choice

When the value of the British pound changes from $1.50 to $1.25, then the pound has ________ and the Canadian dollar has ________.

• A) appreciated; appreciated
• B) depreciated; appreciated
• C) appreciated; depreciated
• D) depreciated; depreciated

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Definitions:

Sequential Method

A procedure in cost accounting for allocating service department costs to producing departments in a specific order.

Direct Method

Definition: A cash flow statement preparation approach that presents major classes of gross cash receipts and payments.

Algebraic Expression

A mathematical phrase that can contain ordinary numbers, variables (like x or y), and operators (like add, subtract, multiply, and divide).

Janitorial Department

A division within a business that is responsible for maintaining the cleanliness of the premises.