A Philippine firm purchases merchandise from a Canadian firm with payment due in 60 days...
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Accounting
A Philippine firm purchases merchandise from a Canadian firm with payment due in 60 days and denominated in Canadian dollars. The Philippine firm will report an exchange gain or loss on settlement if the transaction is:
Select one:
a.
Settled after an exchange rate change has occurred.
b.
Recorded in Philippine peso.
c.
Not hedged through a forward contract.
d.
Measured in Philippine peso.
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