Business, 04.11.2019 21:31, choatefarmsus
Acompany's foreign subsidiary operation maintains its financial statements in the local currency. the foreign operation's capital accounts would be translated to the functional currency of the reporting entity using which of the following rates?
your
a. historical exchange rate.
b. functional exchange rate.
c. weighted-average exchange rate.
d. current exchange rate at the balance sheet date.
Answers: 2
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Acompany's foreign subsidiary operation maintains its financial statements in the local currency. th...
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