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CompuTech is a U.S.-based multinational corporation. Foreign sales are made at prices set in U.S....

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Accounting

CompuTech is a U.S.-based multinational corporation. Foreign sales are made at prices set in U.S. dollars, but foreign purchases are often made at prices stated in foreign currencies. If the exchange rate for the U.S. dollar has risen against most foreign currencies throughout the year, would CompuTech have recognized primarily gains or losses as a result of exchange rate fluctuations? Explain.

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