Solved: Denominating the transactions in united states dollars, Accounting Basics

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Denominating the transactions in united states dollars

Problem:

A U.S. company regularly sells goods to companies in Japan and denominates the transactions in U.S. dollars. From the U.S. company's perspective, the yen is the:

Functional Reporting Local
Currency Currency Currency

A) Yes No No
B) No Yes Yes
C) No No No
D) Yes Yes Yes

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Accounting Basics: Denominating the transactions in united states dollars

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