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    Exam 12: Derivatives and Foreign Currency: Concepts and Common Transactions
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    When the Billing for a U
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When the Billing for a U

Question 44

Question 44

Multiple Choice

When the billing for a U.S.company's sale to a company in a foreign country is denominated in U.S.dollars,________ is required when preparing journal entries for the sale.


A) translation to a foreign currency
B) conversion to a foreign currency
C) translation to U.S.dollars
D) no translation

Correct Answer:

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