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A multinational corporation must translate its foreign operations' financial statements under GAAP. What method should be used for the income statement? Group of answer choicesHistorical

A multinational corporation must translate its foreign operations' financial statements under GAAP. What method should be used for the income statement? Group of answer choicesHistorical exchange rate.Average exchange rate for the period.Exchange rate at the balance sheet date.Exchange rate at the date of each transaction.

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