How does the accounting for a cash transaction with a foreign company differ from a transaction with
Question:
How does the accounting for a cash transaction with a foreign company differ from a transaction with a U.S. company if
(a) The payment or receipt is in USD
(b) The payment or receipt is in a foreign currency?
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Revenue $525.000 Sales Returns $13,900 Sales Discounts $12.400 Net Sales $498.700 Cost of Goods Sold $79.500 Gross Profit Gross Profit Margin % 84.0696
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