lv2 2024 finacial statement analysis, curriculum book PRACTICE PROBLEM p.190 문제 1 (multinational operation)

Q.

Adrienne Yu is an analyst with an international bank. She analyzes Ambleu S.A. 
(“Ambleu”), a multinational corporation, for a client presentation. Ambleu complies with IFRS, and its presentation currency is the Norvoltian krone (NVK). 
Ambleu’s two subsidiaries, Ngcorp and Cendaró, have different functional 
currencies: Ngcorp uses the Bindiar franc (₣B) and Cendaró uses the Crenland 
guinea (CRG).
Yu first analyzes the following three transactions to assess foreign currency transaction exposure: 
Transaction 1: Cendaró sells goods to a non-domestic customer that pays in dollars 
on the purchase date.
Transaction 2: Ngcorp obtains a loan in Bindiar francs on 1 June 2016 from a 
European bank with the Norvoltian krone as its presentation currency. 
Transaction 3: Ambleu imports inventory from Bindiar under 45-day credit terms, 
and the payment is to be denominated in Bindiar francs 

Q. Which transaction would generate foreign currency transaction exposure for 
Ambleu? 
A. Transaction 1
B. Transaction 2
C. Transaction 3

A: C is correct. In Transaction 3, the payment for the inventory is due in Bindiar 
francs, a different currency from the Norvoltian krone, which is Ambleu’s presentation currency. Because the import purchase (account payable) is under 45-day 
credit terms, Ambleu has foreign currency transaction exposure. The payment 
is subject to fluctuations in the ₣B/NVK exchange rate during the 45-day period between the sale and payment dates. Thus, Ambleu is exposed to potential 
foreign currency gains if the Bindiar franc weakens against the Norvoltian krone 
or foreign currency losses if the Bindiar franc strengthens against the Norvoltian 
krone

질문: Transaction 1,2는 왜 아닌가요? 

감사합니다