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.

Question

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The exchange rate for the date of sale and the cash payment date may not be the same due to fluctuations in exchange rates. The exchange rate used for the transaction should be based on the current rate at the time of payment.

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