A U.S.company's credit sale to an international customer to be paid in a foreign currency requires using the same exchange rate for the date of sale and the cash payment date.

Name: A U.S.company's credit sale to an international customer to be paid in a foreign currency requires using the same exchange rate for the date of sale and the cash payment date.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The exchange rate for the date of sale and the cash payment date may not be the same due to fluctuations in the foreign currency exchange market.

A USCompany's Credit Sale to an International Customer to Be Paid