If a U.S. company is preparing a journal entry for a recent purchase, foreign-currency-denominated purchases must be measured in ________ at the purchase date using the foreign currency ________ rate on the purchase date
A) foreign currency; spot
B) foreign currency; future
C) U.S. dollars; forward
D) U.S. dollars; spot
D
Business
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Audit evidence is generally considered sufficient when:
a) It is from a creditable source. b) It pertains to the audit objective. c) It has been obtained from a random sample. d) There is enough to support well-founded conclusions.
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A minimization model of a linear program contains only surplus variables
Indicate whether this statement is true or false.
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