On April 1, 2020, Shannon Company, a U.S. company, borrowed 100,000 euros from a foreign bank by signing an interest-bearing note due April 1, 2021. The dollar value of the loan was as follows: 
Angela, Inc., a U.S. company, had a euro receivable from exports to Spain and a British pound payable resulting from imports from England. Angela recorded foreign exchange gain related to both its euro receivable and pound payable. Did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date?
Definitions:
Predetermined Standards
Benchmarks or criteria established before the start of a process or project to guide performance and outcomes.
P-Chart
A quality control chart that is used to control attributes.
Process Sampling
The technique of selecting a sample of elements from a process for analysis, to determine the quality or performance of the process.
Acceptance Sampling
A statistical quality control method used to determine whether to accept or reject a batch of products based on a sample of items from the batch.
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