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(6 points). Shocker Corporation, based in Wichita, operates subsidiaries in several South American countries. Each of these subsidiaries operates largely independently from the parent company,
(6 points). Shocker Corporation, based in Wichita, operates subsidiaries in several South American countries. Each of these subsidiaries operates largely independently from the parent company, with nearly all of their sales and expenses in the countries where they are located. How will Shocker Corporations consolidated earnings are be affected if the U.S. dollar appreciates against South American currencies?
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