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Section 8(a) (1)and Section 8(b) (1)of NLRB, Prohibits

question 53

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Section 8(a) (1) and Section 8(b) (1) of NLRB, prohibits:

Analyze the causes of fluctuation in foreign exchange rates.
Understand the impact of foreign exchange on the recording of sales and purchases in financial statements.
Understand the accounting treatment for monetary items in foreign currencies at the end of reporting periods.
Recognize the importance of forward contracts in managing foreign exchange risk.

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