An exchange gain occurs when the exchange rate
A)increases between the date a company records a payable from a purchase of inventory and the date of the cash payment
B)declines after the date a company pays its payable from a purchase of inventory
C)increases between the date a company records a receivable from a sale of inventory and the date of the cash payment
D)declines between the date a company records a receivable from a sale of inventory and date of the cash payment

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The Answer of An exchange gain occurs when the exchange rate
A)increases between the date a company records a payable from a purchase of inventory and the date of the cash payment
B)declines after the date a company pays its payable from a purchase of inventory
C)increases between the date a company records a receivable from a sale of inventory and the date of the cash payment
D)declines between the date a company records a receivable from a sale of inventory and date of the cash payment

An Exchange Gain Occurs When the Exchange Rate