Assume that our company incurs a Euro-denominated payable when the exchange rate is $1.20:€1 and that the $US weakens to $1.27:€1 before the payable is paid. Group of answer choices a. Our company will recognize the loss on its next reporting date. b. Our company will not recognize the loss until the payable is paid. c. Our company will not recognize the gain until the payable is paid. d. Our company will recognize the gain on its next reporting date.

Our company will recognize the loss on its next statement date.

Explanation:

The exchange rate between two currencies is the rate at which one can be exchanged for the other during trade.

The stronger a currency the less of it will be involved in the exchange, while the weaker the currency the more of it will be required in the exchange.

In this instance the transaction is Euro based. When the payable was incured the rate was $1.2 to €1.

Now the rate has increased to $1,27 per €1. This implies that the company will lose 1.20 - 1.27= -$0.07 per every Euro.

This loss will be recorded on the next statement date.

answer; /// i believe the answer is (insider trading)

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.