Foreign Currency Transactions and Hedging Foreign Exchange Risk

File: Chapter 09 – Foreign Currency Transactions and Hedging Foreign Exchange Risk   Multiple Choice:                                                                                   [QUESTION] Pigskin Co., a U.S. corporation, sold inventory on credit to a British company on April 8, 2018. Pigskin received payment of 35,000 British pounds on May 8, 2018.  The exchange rate was £1 = $1.54 on April 8 …