Exchange Gains and Losses on Accounts Receivable/payable That Are Denominated

question 46

Multiple Choice

Exchange gains and losses on accounts receivable/payable that are denominated in a foreign currency are ________.

• A)deferred and reported upon settlement
• B)reported as adjustments to the transaction prices
• C)reported as equity adjustments from translation
• D)recognized in the periods in which exchange rates change

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