A U.S.-based company sells merchandise on account to a company in Mexico. The Mexican company wants to pay for the merchandise in pesos. If the peso decreases in value relative to the dollar, the seller will record a ________
The peso ________ relative to the dollar.
A) Foreign Currency Transaction Gain; weakens
B) Foreign Currency Transaction Gain; strengthens
C) Foreign Currency Transaction Loss; weakens
D) Foreign Currency Transaction Loss; strengthens
C
Business
You might also like to view...
As high-tech products mature, the marketing strategies employed are very different from those for other products in the mature or decline stage of the life cycle
Indicate whether the statement is true or false
Business
Which of the following is not a type of structured question?
A) multiple choice B) dichotomous C) scale D) none of the above
Business