Foreign currency transaction

Assignment Help Accounting Basics

Reference no: EM1310869

A foreign currency transaction gain will be recognized by a U.S. company when it has a receivable from a foreign company

Answer

Denominated in dollars and the foreign currency weakens relative to the dollar before payment is received
Denominated in foreign currency and the foreign currency strengthens relative to the dollar before payment is received.
Denominated in dollars and the foreign currency strengthens relative to the dollar before payment is received.
Denominated in foreign currency and the foreign currency weakens relative to the dollar before payment is received.

Reference no: EM1310869

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