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A Foreign Currency Gain or Loss Might Occur Year When

Question 1

Multiple Choice

A foreign currency gain or loss might occur year when:


A) A U.S. person makes a sale that is denominated in U.S. dollars.
B) A sale contract is signed in year 1 and the transaction is completed in year 2.
C) Both a. and b.
D) Neither a. nor b.

Correct Answer:

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