Excel Sources Inc. is a U.S. incorporated company. Due to a change in the exchange rate, it receives $150,000 as payment against a sale of $165,000. Under the two-transaction perspective:

A) no journal entry will be prepared on the date of sale.

B) the sale will be recorded at $150,000 on the date of sale.

C) foreign exchange loss will be recorded for $15,000.

D) Accounts Receivable will be debited for $15,000 on the date of payment.

(course : International Accounting )