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Dachshund, Inc., a U.S. company, had a euro receivable from exports to Spain and a British pound payable resulting from imports from England. Dachshund reported
Dachshund, Inc., a U.S. company, had a euro receivable from exports to Spain and a British pound payable resulting from imports from England. Dachshund reported a foreign exchange gain related to both its euro receivable and pound payable. Did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date? Select one: Euro increase and pound increase b. Euro decrease and pound increase Euro increase and pound decrease d. Euro decrease and pound decrease e. Euro no change and pound decrease
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