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A U.S. firm has total assets valued at 318,000 located in London. This valuation did not change from last year. Last year, the exchange rate
A U.S. firm has total assets valued at 318,000 located in London. This valuation did not change from last year. Last year, the exchange rate was .61 = $1. Today, the exchange rate is .63 = $1. By what amount did these assets change in value on the firm's U.S. financial statements?
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