Realized Exchange Gain/Loss reports can show whether a business -
A)has lost or gained money on foreign transactions because of changes in exchange rates
B)has entered the exchange rates correctly in transactions
C)should delay or make payments to foreign suppliers immediately to maximize exchange rate gains
D)all of the above

Question

Quizplus · Accepted Answer

The Realized Exchange Gain/Loss report specifically shows the gain or loss a business has experienced due to changes in exchange rates on foreign transactions. It does not provide information on whether exchange rates were entered correctly or advise on payment timing.

Realized Exchange Gain/Loss Reports Can Show Whether a Business -