The estimated revenues control account of a governmental unit is debited when

a. actual revenues are recorded
b. actual revenues are collected
c. the budget is closed at the end of the year
d. the budget is recorded

Corporation had a japanese yen receivable resulting from exports to japan and a brazilian real payable resulting from imports from brazil. gracie recorded foreign exchange gains related to both its yen receivable and real payable. did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date?