If a USCompany Purchases Inventory on Account for $32,000 Euros from a from a British

question 4

Multiple Choice

If a U.S.Company purchases inventory on account for $32,000 euros from a British Company when the exchange rate is $1 to $1.28 euros, how would the British Company recognize the sales revenue and the accounts receivable?

• A)​sales revenue of $32,000 and accounts receivable of $32,000
• B)​sales revenue of $25,000 and accounts receivable of $25,000
• C)​sales revenue of $32,000 and accounts receivable of $25,000 with a $7,000 foreign currency translation loss
• D)​sales revenue of $25,000 and accounts receivable of $32,000 with a $7,000 foreign currency translation gain

---

Definitions:

Acetylcholine

A neurotransmitter in both the central and peripheral nervous systems that plays a role in muscle activation, arousal, attention, and memory.

Agonist

A chemical or drug that binds to receptors in the brain and causes a response, often mimicking the action of naturally occurring substances.

Attention

The cognitive process of selectively concentrating on one aspect of the environment while ignoring other things.

Dopamine Pathways

Neural pathways in the brain that transmit dopamine, a neurotransmitter involved in reward, motivation, pleasure, and the regulation of movement and emotions.