Choose the correct. In accounting for foreign currency transactions, which of the following approaches is used in the United States? a. One-transaction perspective; accrue foreign exchange gains and...

Choose the correct. In accounting for foreign currency transactions, which of the following approaches is used in the

United States?
a. One-transaction perspective; accrue foreign exchange gains and losses.
b. One-transaction perspective; defer foreign exchange gains and losses.
c. Two-transaction perspective; defer foreign exchange gains and losses.
d. Two-transaction perspective; accrue foreign exchange gains and losses.