Identify the following statements that are TRUE. For Accounts Payable denominated in a foreign currency, an increase in the direct exchange rate (dollar has weakened) results in an exchange gain. For Accounts Receivable denominated in a foreign currency, a decrease in the direct exchange rate (dollar has strengthened) results in an exchange loss. For Accounts Payable denominated in a foreign currency, a decrease in the direct exchange rate (dollar has strengthened) results in an exchange loss. For Accounts Receivable denominated in a foreign currency, an increase in the direct exchange rate (dollar has weakened) results in an exchange gain