Angela, Inc A) a Above
B) B Above
C) C Above
D)

Multiple Choice

Angela, Inc., a U.S. company, had a euro receivable from exports to Spain and a British pound payable resulting from imports from England. Angela recorded foreign exchange gain related to both its euro receivable and pound payable. Did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date? $$\begin{array} { | l | l | l | } \hline & \text { Euro } & \text { Pound } \\\hline \text { A) } & \text { Increase } & \text { Increase } \\\hline \text { B) } & \text { Increase } & \text { Decrease } \\\hline \text { C) } & \text { Decrease } & \text { Decrease } \\\hline \text { D) } & \text { Decrease } & \text { Increase } \\\hline \text { E) } & \text { No change } & \text { Decrease } \\\hline\end{array}$$

A) A above
B) B above
C) C above
D) D above
E) E above