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which of the following combinations correctly describes the relationship between foreign-currency transactions, exchange rate changes, and foreign exchange gains and losses?
a) export sale, foreign currency appreciates, foreign exchange loss
b) import purchase, foreign currency appreciates, foreign exchange gain
c) import purchase, foreign currency depreciates, foreign exchange gain
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Dear Student Please find attached solution of your assignment. Regards View the full answer

accounting ..doc

Question:
Which of the following combinations correctly describes the relationship between foreigncurrency transactions, exchange rate changes, and foreign exchange gains and losses?
a) export...

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