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Business, 18.06.2020 22:57 shires24

A Canadian subsidiary of a U. S. parent firm is instructed to bill an export to the parent in U. S. dollars. The Canadian subsidiary records the accounts receivable in Canadian dollars and notes a profit on the sale of goods. Later, when the U. S. parent pays the subsidiary the contracted U. S. dollar amount, the Canadian dollar has appreciated 10% against the U. S. dollar. In this example, the Canadian subsidiary will record a

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A Canadian subsidiary of a U. S. parent firm is instructed to bill an export to the parent in U. S....

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