does foreign currency fluctuations impact income statement
Unformatted text preview: (b ) How does the fluctuation in exchange rates affect Rabatos 2012 income statement? (Input the amount as positive value. Omit the &amp;quot;$&amp;quot; sign in your response.) The increase in the dollar value of the LCU payable is recorded as $ foreign exchange loss in 2012. 6.) Brandlin Company of Anaheim, California, sells parts to a foreign customer on December 1, 2011, with payment of 20,000 korunas to be received on March 1, 2012.