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    U.S. sells goods to Japan and denominates USD

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    A U.S. company regularly sells goods to companies in Japan and denominates the transactions in U.S. dollars. From the U.S. company's perspective, the yen is the:

    Functional Reporting Local
    Currency Currency Currency

    A) Yes No No
    B) No Yes Yes
    C) No No No
    D) Yes Yes Yes

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    https://brainmass.com/business/accounting/usa-sells-goods-japan-denominates-usd-207657

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    U.S. company regularly sells goods to companies in Japan and denominates the transactions ...

    Solution Summary

    The solution examines functional currency, reporting currency and local currency for a U.S. company regularly selling goods to companies in Japan and denominates the transactions in U.S. dollars.

    $2.19

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