Question
A U.S. firm has total assets valued at 708,000 located in Germany. This valuation did not change from last year. Last year, the exchange rate
A U.S. firm has total assets valued at 708,000 located in Germany. This valuation did not change from last year. Last year, the exchange rate was .9422/$. Today, the exchange rate is .8929/$. By what amount did these assets change in value on the firm's U.S. financial statements?
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$0
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$41,489.12
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$34,904.40
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$34,904.40
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$41,489.12
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Finance And Economics Discussion Series Bank Risk Rating Of Business Loans
Authors: United States Federal Reserve Board, William B. English, William R. Nelson
1st Edition
1288718810, 9781288718818
