An Exchange Gain Occurs When the Exchange Rate

Multiple Choice

An exchange gain occurs when the exchange rate

A) increases between the date a company records a payable from a purchase of inventory and the date of the cash payment
B) declines after the date a company pays its payable from a purchase of inventory
C) increases between the date a company records a receivable from a sale of inventory and the date of the cash payment
D) declines between the date a company records a receivable from a sale of inventory and date of the cash payment