Question: A U . S - based company has a contract with a foreign firm, with payment due at a later specified date. On the payment

A U.S-based company has a contract with a foreign firm, with payment due at a later specified date. On the payment date, the actual amount
due is lower than the transaction price, due to the increased value of the dollar against this currency. In this situation, the difference is
recorded by the U.S. company as
A U.S-based company has a contract with a foreign firm, with

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