прапу Laguna

Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter24: Recording International And Internet Sales
Section: Chapter Questions
Problem 1ANFS
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Juancho Company, a manufacturing company based in Laguna,
Philippines, purchased raw materials from a foreign company
denominated in foreign currency. Which of the following is correct?
If the foreign currency appreciates, Juancho will recognize foreign exchange
loss.
O If the foreign currency appreciates, Juancho will recognize foreign exchange
gain.
O If the foreign currency depreciates, Juancho will recognize foreign exchange
loss.
Any gain or loss will be deferred until the date of settlement.
O No gain nor loss will be recognized in the financial statement.
Transcribed Image Text:Juancho Company, a manufacturing company based in Laguna, Philippines, purchased raw materials from a foreign company denominated in foreign currency. Which of the following is correct? If the foreign currency appreciates, Juancho will recognize foreign exchange loss. O If the foreign currency appreciates, Juancho will recognize foreign exchange gain. O If the foreign currency depreciates, Juancho will recognize foreign exchange loss. Any gain or loss will be deferred until the date of settlement. O No gain nor loss will be recognized in the financial statement.
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