A German company sells equipment to a Saudi company for 20,000 EUR. If you are the German company, pick all of the terms that would apply to the EURO. (There may be more than one that applies.) Exchange rate Direct exchange rate OOOOO Foreign currency transaction Local currency Translation Denominated currency Indirect exchange rate Foreign currency QUESTION 12 Which of the following would not have an effect on the income statement? Choose all that apply. (There may be more than one that applies.) Translation of financial statements O Foreign currency import transactions Foreign currency export transactions Remeasurement of financial statements