Assume that a u. s. company makes a purchase from a british, Ask an Expert

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Assume that a U. S. company makes a purchase from a British company and agrees to pay a price of 2 million pounds. How will the U.S. company determine the cost of this purchase for the purpose of recording it in its accounting records? Briefly describe how the U.S. company can arrange for the payment of pounds to the British company.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M950613

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