A U.S. company makes a sale to a foreign customer receivable in 30 days in the customer's currency. The sale would be recorded by the U.S. company on the date:
A. Of sale using the foreign currency value.
B. Of sale using a projected estimate of the U.S. dollar value at payment date.
C. Of sale using the current dollar value.
D. When payment is received.
E. Of sale using a 30-day average U.S. dollar value.
Answer: C
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