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A company that has foreign currency transactions




A company that has foreign currency transactions will have foreign currency receivables and/or;foreign currency payables. If the direct exchange rate decreases while a company has a foreign;currency payable, the company will record a gain. Assume that when I was explaining this;concept in class, a student did not quite understand it. Write a short, simple explanation that;would best explain this concept to this student. Use a memo format.;Please provide a complete, easy-to-understand explanation as concisely as possible. Your;explanation should not exceed two short paragraphs. As this concept is not very difficult, don?t;make your explanation complicated. Please use your own words rather than simply quoting or;paraphrasing another source.


Paper#81266 | Written in 18-Jul-2015

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