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Which of the following approaches is used in the United States in accounting for foreign currency transactions? a. One-transaction perspective; defer foreign exchange gains and

Which of the following approaches is used in the United States in accounting for foreign currency transactions?

a.

One-transaction perspective; defer foreign exchange gains and losses.

b.

Two-transaction perspective; accrue foreign exchange gains and losses.

c.

Three-transaction perspective; defer foreign exchange gains and losses.

d.

One-transaction perspective; accrue foreign exchange gains and losses.

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