Question: During 2 0 2 4 , A US Co . purchased inventory from a foreign supplies, the transaction was denominated in the local currency of

During

2024,

A US Co

.

purchased inventory from a foreign supplies, the transaction was denominated in the local currency of the seller. the direct exchange rate increased from the date of the transaction to the balance sheet date. The exchange rate decreased from the balance sheet date to the settlement date in

2025 .

For the years

2024

2025

transaction gains

/

losses should be recognized as

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