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samoo1 samoo1
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Posts: 978
7 years ago
When recording the value of a purchase denominated in a foreign currency, the company is required to use the spot rate when payment is made, as long as it is made 30 days or more in the future.
Textbook 
International Business

International Business


Edition: 15th
Authors:
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Studying law and politics at NYU
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WindozWindoz
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7 years ago
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samoo1 Author
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6 years ago
Thanks for answering
Studying law and politics at NYU
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