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    Financial Accounting Study Set 8
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    Exam 8: Long-Term Investments: The Time Value of Money
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    A USCompany Sells Goods on Account to a French Company
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A USCompany Sells Goods on Account to a French Company

Question 76

Question 76

True/False

A U.S.company sells goods on account to a French company.The French company will pay in euros.If the euro strengthens before the U.S.company collects,the U.S.company will have a foreign-currency transaction gain.

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