A US Company Makes a Sale to a Foreign Customer with with Payment

question 35

Multiple Choice

A U.S. company makes a sale to a foreign customer with payment receivable 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:

Paralysis

The loss of the ability to move one or more muscles, usually as a result of damage to the nervous system.

Speech Defect

A disorder or imperfection in the production or articulation of speech sounds.

Left Frontal

refers to the frontal part of the left hemisphere of the brain, associated with functions like reasoning, problem-solving, and planning.

Right Temporal

Pertaining to the right side of the temporal lobe of the brain, associated with processing of auditory information and encoding memory.