Question: On December 2 0 , 2 0 2 0 , US Company ( a U . S . - based company ) sold parts to

On December 20,2020, US Company (a U.S.-based company) sold parts to a foreign customer at a price of 125,000 FCs (FC is the foreign currency). Payment is received on January 10,2021. Currency exchange rates are as follows: a. How does the fluctuation in the U.S. dollar per FC exchange rate affect US's 2020 income statement? b. How does the fluctuation in the U.S. dollar per FC exchange rate affect US's 2021 income statement?
On December 2 0 , 2 0 2 0 , US Company ( a U . S

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