Frankfurter Company, a U.S. company, had a ruble receivable from exports to Russia and a euro payable resulting from imports fro
m Italy. Frankfurter recorded foreign exchange loss related to both its ruble receivable and euro payable. Did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date?
Taking into account the statement above "Frankfurter Company, a U.S. company, had a ruble receivable from exports to Russia and a euro payable resulting from imports from Italy. Frankfurter recorded foreign exchange loss related to both its ruble receivable and euro payable. Did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date?" the answer is C. Decrease increase.
This was an inspiration to those in the French Revolution because "Liberty" stood for freedom, equality and brotherhood. Which helped them through the French Revolution.
Explanation: I believe the arrival of British traders in India in 1615 significantly impacted the direction of India's history. These bonds with the British would last for hundreds of more years until they gained independence from them in 1947.
