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_____ Penex Has an Intercompany Receivable Denominated in Foreign Currency

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_____ Penex has an intercompany receivable denominated in foreign currency from its foreign subsidiary. Penex uses the foreign currency unit of measure approach. In which account should Penex make adjustments to reflect the current exchange rate?
_____ Penex has an intercompany receivable denominated in foreign currency from its foreign subsidiary. Penex uses the foreign currency unit of measure approach. In which account should Penex make adjustments to reflect the current exchange rate?

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