6. Identify whether the following create substantial transaction, operating, and/or translation exposure (or no exposure at all) for a U.S. company, and how the company will be affected if the foreign currency depreciates. The examples will typically create more than one type of exposure.

d) Widgets International (WI) purchases a British factory, financed by issuing dollar debt and

swapping for pound-denominated debt. WI is expecting a steady stream of pound revenues

from the factory, FASB 52 is in effect.