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  3. 14. which of the following approaches is used in t

14. Which of the following approaches is used in the United States in accounting for...

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Accounting

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14. Which of the following approaches is used in the United States in accounting for foreign currency transactions? A) One-transaction perspective; defer foreign exchange gains and losses. B) Two-transaction perspective; accrue foreign exchange gains and losses. C) Three-transaction perspective; defer foreign exchange gains and losses. D) One-transaction perspective; accrue foreign exchange gains and losses. 15. Assume that during 2018 that the Canadian dollar appreciates significantly relative to the U.S. dollar. Which of these people is most likely to be unhappy about the change? A) Canadian retirees who plan to purchase a home in Arizona. B) Orlando-area hotel owners who depend upon tourism from Canada. C) Matthew Wright, Christmas tree grower in Nova Scotia, Canada who makes 85% of his sales to the D) Henry Seidel, U.S. importer of sake from Japan for distribution throughout North America

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