A US Company Makes a Sale to a Foreign Customer Payable

question 95

Multiple Choice

A U.S. company makes a sale to a foreign customer payable in 30 days in the customer's currency. The sale would be recorded by the U.S. company on the date:

• A) Of sale using a projected estimate of the U.S. dollar value at payment date.
• B) Of sale using a 30-day average U.S. dollar value.
• C) Of sale using the current dollar value.
• D) Of sale using the foreign currency value.
• E) When payment is received.

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Definitions:

Environmental Stimulation

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Attention Deficit Disorder

A neurodevelopmental disorder characterized by a pattern of inattention and/or hyperactivity-impulsivity that interferes with functioning or development.

Creativity

The ability to produce or think of new, valuable ideas, solutions, or artistic expressions.