Which of the Following Approaches Is Used in the United

question 14

Multiple Choice

Which of the following approaches is used in the United States in accounting for foreign currency transactions?

• A) One-transaction perspective; defer foreign exchange gains and losses.
• B) Two-transaction perspective; accrue foreign exchange gains and losses.
• C) Three-transaction perspective; defer foreign exchange gains and losses.
• D) One-transaction perspective; accrue foreign exchange gains and losses.
• E) Two-transaction perspective; defer foreign exchange gains and losses.

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Definitions:

Effective

Being effective means producing a desired outcome or having the intended impact with efficiency, often assessed in terms of achieving goals or objectives.

Internet

A global network of computers that allows for the sharing of information and communication across vast distances instantly.

Job-seekers

Individuals actively looking for employment opportunities.

Flowering Plants

are plants that produce flowers as their reproductive structures, where seeds are developed.