Don't copy the answer from another existing question please On December 20, 2020, Momeier Company (a U S based company) sold parts to a foreign customer at a price of 115,000 rials Payment is received on January 10, 2021 Currency exchange rates are as follows Date U S Dollar per Rial December 20, 2020 $ 1 21 December 31, 2020 1 18 January 10, 2021 1 14 How does the fluctuation in the U S dollar per rial exchange rate affect Momeiers 2020 income statement How does the fluctuation in the U S dollar per rial exchange rate affect Momeiers 2021 income statement a The rial receivable in U S dollar value, resulting in a foreign of in 2020 exchange b The rial receivable in U S dollar value, resulting in a foreign exchange of in 2021

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Question: Don't copy the answer from another existing question please On December 20, 2020, Momeier Company (a U.S.-based company) sold parts to a foreign customer at

Don't copy the answer from another existing question please

On December 20, 2020, Momeier Company (a U.S.-based company) sold parts to a foreign customer at a price of 115,000 rials. Payment is received on January 10, 2021. Currency exchange rates are as follows:

Date	U.S. Dollar per Rial
December 20, 2020	$	1.21
December 31, 2020		1.18
January 10, 2021		1.14

How does the fluctuation in the U.S. dollar per rial exchange rate affect Momeiers 2020 income statement?
How does the fluctuation in the U.S. dollar per rial exchange rate affect Momeiers 2021 income statement?

Don't copy the answer from another existing question please On December 20,

a. The rial receivable in U.S. dollar value, resulting in a foreign of in 2020. exchange b. The rial receivable in U.S. dollar value, resulting in a foreign exchange of in 2021

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