When a company engages in transactions that result in a fore…

When a company engages in transactions that result in a foreign-currency denominated asset or liability, the company is subject to foreign exchange risk. Select the letter that corresponds to the combination that correctly describes the relationship between foreign currency transactions, exchange rate changes, and foreign exchange gains and losses?  Type of Transaction Foreign Currency Foreign Exchange Gain or Loss A. Export sale Depreciates Gain B. Export sale  Appreciates Loss C. Import purchase  Depreciates   Gain D. Import purchase Appreciates  Gain