Foreign selling prices for inventory items -
A)are always set at a fixed price for the currency
B)are always based on the home currency price and the exchange rate
C)can be based on the exchange rate or fixed prices
D)are not needed because inventory is not sold to customers outside of the country

Question

Quizplus · Accepted Answer

Foreign selling prices for inventory items can be based on the exchange rate or fixed prices, depending on the company's pricing strategy and market conditions. It is not always based on the home currency price and the exchange rate, and it is not true that inventory is not sold to customers outside of the country. Therefore, option C is the best choice.

Foreign Selling Prices for Inventory Items -