When a US company makes a credit sale to an international customer and the sale

Question

When a US company makes a credit sale to an international customer and the sale terms are for payment in a foreign currency, the foreign exchange rate used to record the sale is the exchange rate:

When a U.S. company makes a credit sale to an international customer and the sale terms are for paymentin e foreign currency, the foreign exchange rate used to record the sale is the exchange O Thirty days from the date of sale O At the end of the sellers fiscal year At the end of the buyer's fiscal year O On the date final payment is made O On the date of the sale

Explanation / Answer

The foreign exchange rate used to record the sale is the exchange rate on the date of the sale Option 5 is correct

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