Question: A U . S . exporter sells goods to a foreign customer who pays in foreign currency in 9 0 days. The difference between the

A U.S. exporter sells goods to a foreign customer who pays in foreign currency in 90 days. The difference between the U.S. dollar value of the transaction at the date of sale and at the date cash is collected is recognized as
Multiple choice question.
a deferred gain or loss in accumulated other comprehensive income.
a foreign exchange gain or loss in net income.
an adjustment to sales revenue.

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