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A Parent company has one subsidiary in Mexico, SN2. SN2 is 100% control entity by Parent. SN2 operates completely using the US $$ for all

A Parent company has one subsidiary in Mexico, SN2. SN2 is 100% control entity by Parent. SN2 operates completely using the US $$ for all transactions and reports. In fact, Mexico reports all Financial statements in US $$$. Parent receives all documents to complete the consolidated financial statements. Could we have a translation adjustment still?

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