1. On June 15, Central Computers, Inc. sold twenty-five computers on account to a company located in Argentina for 3,000,000 pesos. On that date, the peso is worth $0.079. On July 15, when the peso was worth $0.070, payment was received. The journal entry to record the sale on June 15 would include a:

A. debit to Accounts Receivable $237,000

B. debit to Accounts Receivable $210,000.

C. debit to Foreign-Currency Transaction Loss $27,000.

D. credit to Sales $210,000.

2. The disposal of a segment of a business is called:

A. an extraordinary item.

B. other expense.

C. a sales transaction.

D. discontinued operations.