1. What effect, if any, does a strengthening of the dollar have on reported sales and net income for companies operating outside the United States, when those foreign operations are translated to U.S. dollars for consolidation purposes?

2. How do companies use accounts receivables to shift income? Explain why managers engage in this sort of activity.

Answer rating: 100% (QA)

2 Strengthening of dollar results in translation l... View the full answer