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U.S. companies must record an initial transaction at the spot exchange rate in effect on the transaction date and record receivables and payables on subsequent

U.S. companies must record an initial transaction at the spot exchange rate in effect on the transaction date and record receivables and payables on subsequent balance-sheet dates at the spot exchange according to which of the following? Question content area bottom Part 1 A. FASB B. ITRS C. IFRS D. GAAP E. IOSCO

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