The process by which specialized accounting professionals attest to the reliability of the measurement and communication processes is: Select one: O a. Measurement. O b. Verification. O c. Auditing O d. Disclosure. A U.S. Corp. purchased machine from a French firm on July 1, 2019, when a Euro cost $0.75. The U.S. firm will be required to pay the French manufacturer 200,000 Euros on August 1, 2019, when the Euro costs $0.69, the journal entry on August 1 includes: Select one: O a. Debit to accounts receivable $ 150,000, Credit to cash $ 138,000 and credit to exchange gain $ 12,000. O b. Debit to accounts receivable $ 150,000, Credit to cash $ 138,000 and credit to exchange gain $ 12,000. O c. Debit to accounts payable $ 150,000, Credit to cash $ 138,000 and credit to exchange gain $ 12,000. O d. Debit to accounts payable $ 138,000, Credit to cash $ 138,000 and debit to exchange loss $ 12,000. The exchange rate in effect on the balance sheet date of the foreign entity is: Select one: O a. Average rate. b. Historical rate. O c. Current rate. O d. Simple rate. When we move from business within a single country to buying and selling products in many different nations, we run into issues of: Select one: O a. Domestic currency accounting. O b. Foreign currency accounting. O c. Any type of accounting. O d. Local currency accounting