Slick Co. had a Swiss franc receivable resulting from exports to Switzerland and a Mexican peso payable resulting from imports from Mexico. Slick recorded foreign exchange gains related to both its franc receivable and peso payable. Did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date? LO9 Franc Peso a.

Increase Increase b.

Decrease Decrease c.

Decrease Increase d.

Increase Decrease