Foreign currency gain or loss exchange rate

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Reference no: EM1345994

1. Which of the following combinations correctly states the relationship between foreign currency transactions, exchange rate changes, and foreign exchange gains and losses?

Foreign Exchange

Kind of Transaction Foreign Currency Gain or Loss

a. Export sale Appreciates Loss
b. Import purchase Appreciates Gain
c. Import purchase Depreciates Gain
d. Export sale Depreciates Gain

Reference no: EM1345994

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