Business, 28.04.2021 20:00, clairebear66

Farley Brothers, a U. S. company, had a subsidiary in Italy (using Euro). Most of the subsidiary's sales and purchases are in dollars. There are many transactions between the subsidiary and the parent. Most of the subsidiary's financing comes from the U. S. Two methods of translating foreign currency financial statements are currently used worldwide. Which method should the U. S. company use to translate Farley Brothers' financial statements

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Farley Brothers, a U. S. company, had a subsidiary in Italy (using Euro). Most of the subsidiary's s...