A Company Has a Foreign-Currency Transaction Gain of $1,000 and a Foreign-Currency

question 13

Multiple Choice

A company has a Foreign-Currency Transaction Gain of $1,000 and a Foreign-Currency Transaction Loss of $10,000.How is this information reported on the income statement?

• A)Other Losses: Foreign-Currency Transaction Loss $10,000 and Other Gains: Foreign-Currency Transaction Gain $1,000
• B)Other Losses: Foreign-Currency Transaction Loss,net $9,000
• C)Other Comprehensive Loss: Foreign-Currency Transaction Loss $10,000 and Other Comprehensive Income: Foreign-Currency Transaction Gain $1,000
• D)Other Comprehensive Loss: Foreign-Currency Transaction Loss,net $9,000

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Definitions:

EPSPs

Excitatory Postsynaptic Potentials, which are temporary increases in postsynaptic membrane potential due to the flow of positively charged ions into the postsynaptic cell, making it more likely to fire an action potential.

Excitatory Postsynaptic Potentials

Temporary increases in membrane potential in a postsynaptic neuron, making the neuron more likely to fire an action potential.

Synaptic Knob

The part of a neuron that communicates with another neuron or muscle cell across a synapse.

Dendrites

Extensions of a neuron that receive signals from other neurons and conduct them toward the cell body.