Question: Foge Co , a U . S . company, contracted to purchase foreign goods. Payment in foreign currency was due one month after the goods
Foge Co a US company, contracted to purchase foreign goods. Payment in foreign currency was due one month after the goods wore recelved at Fogg's warphouse. Bebween the receipt of goods and the time of piyment, the exchange rates changed in Fogg's favor. The resulting gain should be inchused in Fogg's financlat stalements as aan:
A Deferred crede.
B Asset valuabion allowance.
C Component of income from continuing operations.
D Separate component of other comprehensive income.
MacBook Air
D
G
H
J
K
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