Which statement is true regarding the relationship between fluctuations in foreign exchange gains and losses...
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Accounting
Which statement is true regarding the relationship between fluctuations in foreign exchange gains and losses and exchange rates?
A For an export sale, a loss results when foreign currency appreciates.
B For an import purchase, a loss results when foreign currency depreciates.
C For an export sale, a gain results when foreign currency appreciates.
D For an import purchase, a gain results when foreign currency appreciates.
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