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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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