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  3. aus. company sells merchandise to a foreign compan

AUS. company sells merchandise to a foreign company denominated in US dollars. Which of the...

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Accounting

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AUS. company sells merchandise to a foreign company denominated in US dollars. Which of the following statements is true? Multiple Choice If the foreign currency appreciates, a foreign exchange gain will result if the foreign currency depreciates, a foreign exchange gain will result O No foreign exchange gain or loss will result. O O r the foreign currency appreciates, a foreign exchange loss will result O If the foreign currency depreciates, a foreign exchange loss will result O

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