A U.S. company makes a sale to a foreign customer receivable in 30 days in the customer's currency. The sale would be recorded by the U.S. company on the date:

Multiple Choice

• Of sale using a 30-day average U.S. dollar value.

• When payment is received.

• Of sale using a projected estimate of the U.S. dollar value at payment date.

• Of sale using the current dollar value.

• Of sale using the foreign currency value.